Network18 Media and Investments', the holding company of the Network18 group, reported that its consolidated net losses have increased 2.3 times in the quarter ending September 2009 to reach Rs. 833.63 million. Consolidated revenues were up 25% quarter on quarter to Rs. 2.83 billion. Operating expenses are up 37.62% to Rs. 3.24 billion and operating margin is down from -4.06% to -14.64%. The company reported an operating loss of Rs. 414.15 million for the quarter. Revenues from investment activities have risen 3.55 times to Rs. 49.50 million in the quarter compared to Rs. 13.94 in the previous quarter. It is still 89.29% lower than revenues from investments in the corresponding quarter last year which were at Rs. 462.4 million. Consolidated earnings per share with ESOP charge out has plumetted to - Rs.8.69 from -Rs. 3.79 recorded in the previous quarter.…
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