Moneycontrol
Jan 14, 2017 05:46 PM IST IST | Source: PTI

Network18 Q3 net loss at Rs 79.79 crore, expenses up 6.80%

Network18 Media and Investments today reported a consolidated net loss of Rs 79.79 crore for the third quarter ended December 31.


Network18 Media and Investments today reported a consolidated net loss of Rs 79.79 crore for the third quarter ended December 31.


The company had registered a net profit of Rs 50.36 crore in the year-ago period, it said in BSE filing.


Total income from operations for the quarter under review stood at Rs 372.8 crore, down 7.08 per cent as against Rs 401.22 crore during the same period in the previous fiscal.

Its expenses in the quarter stood at Rs 405.18 crore, up 6.80 per cent compared with Rs 379.37 crore in the year ago period.

Disclosure: Network 18, which publishes Moneycontrol.com, is a part of the Reliance Group.

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