Network18 Media reports Rs 11.72 cr loss in December quarter

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Network18 Media had reported a consolidated net profit of Rs 6.84 crore for the October-December quarter last fiscal. Reuters Network18 Media had reported a consolidated net profit of Rs 6.84 crore for the October-December quarter last fiscal. Reuters
SummaryShares of Network18 Media & Investment closed at Rs 31.25 per scrip on the BSE, down 2.19 per cent from their previous close.

Network18 Media & Investment today reported a consolidated loss of Rs 11.72 crore for the third quarter ended December 31, 2013.

The company had reported a consolidated net profit of Rs 6.84 crore for the October-December quarter last fiscal.

However, consolidated net income of the company increased to Rs 727.59 crore during October-December 2013, as against Rs 697.40 crore in the same period last fiscal, the company said in a BSE filing.

Overall expenses during the quarter under review was at Rs 687.59 crore as against Rs 710.27 crore in the same quarter last year.

Shares of Network18 Media & Investment today closed at Rs 31.25 per scrip on the BSE, down 2.19 per cent from their previous close.

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