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Aug 13, 2012, 12.29 PM IST

Reliance Mediaworks trims Q1 standalone loss to Rs 91 cr

Anil Dhirubhai Ambani Group company Reliance Mediaworks reduced its standalone net loss to Rs 91 crore in the quarter ended June 2012 from loss of Rs 137 crore in the previous quarter.

Source: Moneycontrol.com
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Anil Dhirubhai Ambani Group company Reliance Mediaworks reduced its standalone net loss to Rs 91 crore in the quarter ended June 2012 from loss of Rs 137 crore in the previous quarter.


Standalone net sales increased 29.2% to Rs 118.6 crore from Rs 91.8 crore during the same period.


Total expenses declined to Rs 152.44 crore from Rs 174.15 crore QoQ. Other income stood at Rs 14.6 crore in the first quarter of financial year 2012-13 as against loss of Rs 2.09 crore in the previous quarter.


Finance cost jumped sharply to Rs 75.74 crore from Rs 56.7 crore during the same period.


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