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New Delhi: Driven by huge subscriber addition, Subhas Chandra-promoted DTH company Dish TV has reduced its net loss to Rs 78.66 crore for the fourth quarter ended March 31, 2009, from Rs 115.06 crore in the same period last year.
Total income jumped by 51.98 per cent to Rs 207.13 crore in the fourth quarter of 2008-09, Dish TV said in a filing to the Bombay Stock Exchange on Thursday. The company had a total income of Rs 136.29 crore in Q4 2007-08.
The highlight of the results are the company becoming EBITDA positive (or profitable) at the operational level in the fourth quarter, the DTH firm said in a separate statement.
"We aim to be cash positive by the third quarter of the current fiscal," it said.
For the year 2008-09, the company posted a consolidated net loss of Rs 440.69 crore. It had reported a net loss of Rs 414.12 crore in 2007-08.
Dish TV's total income during 2008-09 rose to Rs 738.10 crore, a jump of 78.93 per cent from Rs 412.51 crore reported during the previous fiscal.
The company has a subscriber base of 53.8 lakh users and it plans to add another 25 lakh subscribers during this fiscal, it added.
"The overall pay gross DTH market share of Dish TV stands at 42 per cent ...," the company said.
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