Network 18 Media and Investments posts decline of 13.68 per cent in sales on YoY basis
Nidhi Jani / 12 Oct 2017
The company reported net loss of Rs. 70.7 crore in Q2FY18 versus net loss of Rs. 69.6 crore in Q1FY18.
Network 18 Media and Investments reported lacklustre results for the quarter ended September 30, 2017 on Thursday.
Total sales for Q2FY18, came in at Rs. 326.9 crore. This represents a 1.78 per cent sequential increase and 13.68 per cent YoY decline.
Operating loss (EBIT) for the recently concluded quarter amounted to Rs. 54.33 crore versus operating loss of Rs. 67.69 crore in preceding quarter.
The company reported net loss of Rs. 70.7 crore in Q2FY18 versus net loss of Rs. 69.6 crore in Q1FY18.
Network18 Media and Investments Ltd. is a media and entertainment company with interests in television, internet, filmed entertainment, digital business, magazines, mobile content and allied businesses. Network18 manages various digital businesses including portals such as moneycontrol.com, ibnlive.com, burrp.com, in.com and firstpost.com. It also operates digital commerce properties like HomeShop18 and bookmyshow.com.
Today, the stock of Network18 Media opened at Rs. 48.50 and touched an intra-day low of Rs. 47.25 on the BSE.
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