DEN Networks Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 15, 2013 at 05:04 pm
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DEN Networks Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on consolidated basis, the company reported revenue of INR 2,371.3 million against INR 2,782.2 million for the same period last year. Income from operations was INR 2,353.1 million against INR 2,780.6 million for the same period last year. Profit from operations before other income, interest and exceptional items were INR 335.0 million against INR 95.1 million for the same period last year. Profit from ordinary activities before tax was INR 265.1 million against INR 66.7 million for the same period last year. Net profit was INR 171.7 million or INR 1.29 per diluted share against net profit of INR 35.3 million or INR 0.26 per diluted share for the same period last year.
For nine months, the company reported revenue of INR 6,426.2 million against INR 8,177.0 million for the same period last year. Income from operations was INR 6,324.0 million against INR 8,118.9 million for the same period last year. Profit from operations before other income, interest and exceptional items were INR 824.2 million against INR 267.3 million for the same period last year. Profit from ordinary activities before tax was INR 676.2 million against INR 192.1 million for the same period last year. Net profit was INR 449.8 million or INR 3.39 per diluted share against net profit of INR 98.1 million or INR 0.73 per diluted share for the same period last year.
For the quarter, on standalone basis, the company reported revenue of INR 1,848.5 million against INR 1,072.7 million for the same period last year. Profit from operations before other income, interest and exceptional items were INR 348.8 million against INR 48.7 million for the same period last year. Profit from ordinary activities before tax was INR 246.5 million against INR 22.1 million for the same period last year. Net profit was INR 170.9 million or INR 1.29 per diluted share against net profit of INR 22.1 million or INR 0.16 per diluted share for the same period last year.
For nine months, the company reported revenue of INR 4,616.0 million against INR 3,111.4 million for the same period last year. Profit from operations before other income, interest and exceptional items were INR 708.1 million against INR 105.9 million for the same period last year. Profit from ordinary activities before tax was INR 595.4 million against INR 53.0 million for the same period last year. Net profit was INR 434.6 million or INR 3.27 per diluted share against net profit of INR 53.0 million or INR 0.40 per diluted share for the same period last year.
DEN Networks Limited is an India-based mass media and entertainment company. The Company is primarily engaged in the distribution of television channels through a digital cable distribution network. It provides visual entertainment to its customers through cable television (TV), over-the-top (OTT) entertainment and broadband services. It curates media content from various broadcasters across a range of genres and entertains approximately 13 million+ households in India across 13 key states and 433 cities. The Company operates through two segments: Cable and Broadband. Cable segment consists of distribution and promotion of television channels. Broadband segment consists of providing Internet services. Its Cable & Broadband operations cover approximately 500 cities/towns across Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand in India. The Company offers DEN Cable, Broadband and DEN TV+.
DEN NETWORKS LIMITED 
