Radio Mirchi Q3FY07 turnover rises 31%, net profit up 14%

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Radio Mirchi Q3FY07 turnover rises 31%, net profit up 14%

Radio Mirchi Q3FY07 turnover rises 31%, net profit up 14%

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According to data based on Indian Listenership Track 2006 (ILT - Wave 2 conducted by MRUC) for the period September- November 2006, Radio Mirchi retained the number one position in Mumbai and Delhi while establishing itself as the dominant number one station in Kolkata too. Radio Mirchi has increased its lead over #2 player in Mumbai from 30% to 40% while maintaining its 2:1 lead in Delhi. During the quarter, Radio Mirchi premiered the music of blockbusters which include Vivaah, Dhoom2, Babul and Guru on its network.

Commenting on the performance of the Company, Mr. A P Parigi, Managing Director and CEO, ENIL said, "In the emerging competitive landscape Radio Mirchi has again demonstrated not only its brand leadership in the new markets of Bangalore, Hyderabad and Jaipur but has also demonstrated robust growth in financial terms. In the new markets within the short span of nine months the Company has achieved an EBITDA breakeven"

Based on the present rate of progress, the Company is confident of completing rollout of the remaining 22 stations by July 31, 2007.

Sourced From: Adfactors Public Relations Pvt Ltd