Hindustan Media Ventures Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 14, 2019
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Hindustan Media Ventures Limited announced unaudited earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported revenue from operations was INR 2,205.6 million compared to INR 2,301.6 million a year ago. Total income was INR 2,528.0 million compared to INR 2,384.5 million a year ago. Profit before tax was INR 347.8 million compared to INR 590 million a year ago. Net profit after tax for the period was INR 291.6 million compared to INR 390.9 million a year ago. Earnings per basic and diluted share (not annualized) were INR 1.5 compared to INR 5.33 a year ago.
For the nine months, the company reported total revenue from operations was INR 6,528.6 million compared to INR 6,778.9 million a year ago. Total income was INR 7,145.6 million compared to INR 7,316.4 million a year ago. Profit before tax was INR 722.1 million compared to INR 1,852.4 million a year ago. Net profit after tax for the period was INR 554.1 million compared to INR 1,309 million a year ago. Earnings per basic and diluted share (not annualized) were INR 7.55 compared to INR 17.84 a year ago.
Hindustan Media Ventures Limited is an India-based company, which is engaged in the business of publishing Hindustan, a Hindi daily, and Hindi Magazines and undertakes commercial printing jobs. The Company operates in two segments: Printing & Publishing of Newspaper & Periodicals and Digital. Hindustan covers news across the entire news spectrum ranging from politics, business, entertainment, sports, and other themes of interest on a global, national, and local level. Hindustan is published in five regions: Bihar, Jharkhand, Uttar Pradesh, Uttarakhand and Delhi-NCR. The Company's other brands include LiveHindustan.com, Nandan, Kadambini and HT Labs. LiveHindustan.com is Hindustan newspaper's Hindi news Website, which offers comprehensive online content. Nandan is a monthly children magazine, which provides a mix of traditional and modern stories, poems, interactive columns, interesting facts and other educative columns. Kadambini is a monthly socio-cultural magazine.