DEN Networks Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 23, 2017 at 07:44 am EST
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DEN Networks Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2016. On standalone basis, the company has posted a net loss of INR 721.20 million for the quarter ended December 31, 2016 as compared to net loss of INR 575.90 million for the quarter ended December 31, 2015. Total income has increased from INR 1,658.90 million for the quarter ended December 31, 2015 to INR 2,574.10 million for the quarter ended December 31, 2016. Total income from operations was INR 2,448.0 million against INR 1,505.7 million a year ago. Loss from operations before other income and finance costs was INR 373.4 million against INR 763.6 million a year ago. Loss before tax was INR 733.0 million against INR 796.1 million a year ago. Basic and diluted loss per share was INR 3.78 against INR 3.22 per share a year ago.
For the nine months, on standalone basis, the company reported total income from operations of INR 7,150.8 million against INR 5,473.0 million a year ago. Loss from operations before other income and finance costs was INR 1,362.3 million against INR 2,200.8 million a year ago. Loss before tax was INR 2,050.0 million against INR 2,143.6 million a year ago. Basic and diluted loss per share was INR 10.67 against INR 10.33 per share a year ago. Net loss after tax was INR 1,947.7 million against INR 1,930.8 million a year ago.
For the quarter, the Group has posted a net loss after tax, Minority Interest and Share of profit /Loss of Associates and Joint Ventures of INR 451.00 million for the quarter ended December 31, 2016 as compared to net loss of INR 873.90 million for the quarter ended December 31, 2015. Total income has increased from INR 2,429.20 million for the quarter ended December 31, 2015 to INR 3,110.90 million for the quarter ended December 31, 2016. Total income from operations was INR 2,988.3 million against INR 2,303.9 million a year ago. Loss from operations before other income and finance costs was INR 189.0 million against INR 897.8 million a year ago. Loss before tax was INR 270.8 million against INR 960.0 million a year ago. Basic and diluted loss per share was INR 2.32 against INR 4.89 per share a year ago.
For the nine months, the group reported total income from operations of INR 9,491.8 million against INR 6,810.8 million a year ago. Loss from operations before other income and finance costs was INR 809.6 million against INR 2,235.4 million a year ago. Loss before tax was INR 1,074.1 million against INR 2,317.8 million a year ago. Basic and diluted loss per share was INR 7.94 against INR 13.22 per share a year ago. Net loss from ordinary activities after tax was INR 1,231.4 million against INR 2,144.4 million a year ago.
DEN Networks Limited is an India-based mass media and entertainment company. The Company is primarily engaged in the distribution of television channels through a digital cable distribution network. It provides visual entertainment to its customers through cable television (TV), over-the-top (OTT) entertainment and broadband services. It curates media content from various broadcasters across a range of genres and entertains approximately 13 million+ households in India across 13 key states and 433 cities. The Company operates through two segments: Cable and Broadband. Cable segment consists of distribution and promotion of television channels. Broadband segment consists of providing Internet services. Its Cable & Broadband operations cover approximately 500 cities/towns across Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand in India. The Company offers DEN Cable, Broadband and DEN TV+.
DEN NETWORKS LIMITED 
