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Net Sales are expected to increase by 6.1 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 336.6 crore, according to Edelweiss.
For the company, uncertainties and risk factors outweigh the positives substantially, at least in the near-term.
DEN Networks posted yet another quarter of profits with a strong performance on a year on year basis. However sequentially, the company saw no growth. Content costs were up in the quarter while employee benefit expenses were down 22 percent. In an interview with CNBC-TV18, SN Sharma, CEO of the company spoke about the results and his outlook for the company.
Den Networks reported a strong quarter. In an interview to CNBC-TV18, SN Sharma, CEO of the company spoke about the results and his outlook going ahead.
In an interview to CNBC-TV18, SN Sharma, CEO, Den Networks spoke about the results and his outlook for the company.
Speaking to CNBC-TV18 MG Azhar, COO of Den Networks said, the company has clocked closer to Rs 30 crore in EBITDA (QoQ). "We expect to maintain similar kind of work for the rest of the year," he added.
The Network 18 Group posted a 21% rise in consolidated revenues for the financial year 2010-11 to Rs 1,484 crore. For the fourth quarter (January to March) the company’s revenues grew 15% to Rs 406 crore over the corresponding quarter last year.