DEN Networks Limited Reports Unaudited Standalone and Consolidated Earnings Results for Quarter and Nine Months Ended December 31, 2017
January 16, 2018 at 08:26 am
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DEN Networks Limited reported unaudited standalone and consolidated earnings results for quarter and nine months ended December 31, 2017. For the quarter, the standalone company reported total income of INR 2,787.3 million compared to INR 2,359.4 million a year ago. Profit before exceptional items and tax expenses was INR 2.4 million compared to loss of INR 370.0 million a year ago. Profit before tax was INR 2.4 million compared to loss of INR 654.5 million a year ago. Profit after tax was INR 2.4 million or INR 0.01 per basic and diluted share compared to loss of INR 642.7 million or INR 3.41 per basic and diluted share a year ago.
For the year to date, the standalone company reported total income of INR 8,249.5 million compared to INR 6,864.6 million a year ago. Profit before exceptional items and tax expenses was INR 206.2 million compared to loss of INR 1,293.6 million a year ago. Profit before tax was INR 365.1 million compared to loss of INR 1,239.4 million a year ago. Profit after tax was INR 365.1 million or INR 1.88 per basic and diluted share compared to loss of INR 1,638.9 million or INR 9.01 per basic and diluted share a year ago.
For the quarter, the consolidated company reported total income of INR 3,340.2 million compared to INR 3,112.5 million a year ago. Profit before exceptional items and tax expenses was INR 97.2 million compared to loss of INR 269.4 million a year ago. Profit before tax was INR 97 million compared to loss of INR 303.5 million a year ago. Profit after tax was INR 17.3 million compared to loss of INR 387.5 million a year ago. Loss Attributable to owners of the company was INR 31.7 million or INR 0.16 per basic and diluted share compared to loss of INR 449.5 million or INR 2.34 per basic and diluted share a year ago. The company reported strong operational EBITDA at INR 810 million compared to INR 530 in third quarter of 2017 at growth of 54%.
For the year to date, the consolidated company reported total income of INR 9,922.4 million compared to INR 8,699.8 million a year ago. Profit before exceptional items and tax expenses was INR 106.0 million compared to loss of INR 1,062.9 million a year ago. Profit before tax was INR 139.9 million compared to loss of INR 1,121.7 million a year ago. Profit after tax was INR 70.8 million compared to loss of INR 1,279.0 million a year ago. Loss Attributable to owners of the company was INR 236.3 million or INR 1.21 per basic and diluted share compared to loss of INR 1,439.9 million or INR 7.92 per basic and diluted share a year ago.
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+.