MUMBAI: TV Today Network has posted a standalone net profit of Rs 81.22 million for the quarter ended 31 March 2009, down 39.92 per cent from Rs 135.1 million in the corresponding quarter of the previous fiscal.
During the period, the company’s revenue came down by 15.78 per cent to Rs 536.92 million, as against Rs 637.53 million in the year ago period.
TV Today Network’s expense has increased in the quarter to stand at Rs 531.80 million (from Rs 493.7 million).
Advertisement, marketing and distribution cost has increased from Rs 137.92 million to Rs 168.55 million.
For the entire year ended 31 March 2009, TV Today Network’s net profit has slumped 23 per cent to Rs 335.59 million, from Rs 435.5 million in the year ago period.
However, the topline has grown marginally to Rs 2.5 billion as against Rs 2.31 billion last year.
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