Dish TV Q2 net loss widens on higher expenses, forex loss
Dish TV has announced its second quarter results. The company's Q2 net loss was at Rs 49 crore versus loss of Rs 45 crore, year-on-year, YoY.
October 19, 2011 / 16:04 IST
Moneycontrol Bureau
Direct-to-home (DTH) service provider Dish TV India's second quarter net loss widened to Rs 48.6 crore from Rs 45.2 crore in the year ago quarter due to higher expenses and a foreign exchange loss.Revenue for the second quarter was up 48% from a year ago at Rs 482.3 crore, Dish TV said Wednesday.The company said second quarter earnings were negatively impacted by foreign exchange loss of Rs 30.4 crore."In line with our expectations, Dish TV moved closer to attaining bottom line profitability but for the loss due to foreign exchange fluctuation," MD Jawahar Goel said.Dish TV
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