Reliance MediaWorks Net Income Up
ADA Group’s Reliance MediaWorks has announced its Q3 financial results. Total consolidated income from operations stands at Rs 2120 million, up 23 percent YoY. EBITDA has been reported at Rs 410 million, up 128 percent as compared to the same quarter of last fiscal. A net loss of 273.39 million has been reported for the quarter as compared to Rs 111.47 million reported for the previous quarter September 2009.
Film and Media Services has raked in revenues of Rs 460 million, up 23 percent YoY and EBITDA stands at Rs 170 million, up 55 percent as compared to the same quarter of last year.
Revenues from Exhibition stands at Rs 1534.55 million, up 51 percent YoY and up 33.30 percent QoQ. EBITDA stands at Rs 230 million for the quarter ended December 2009.
Key Corporate Developments
- Reliance MediaWorks partnered with 2D to 3D conversion company In-Three to set up conversion facility in India.
- Reliance MediaWorks acquired London based ilab, a hign end film processiong and television, commercial and shorts productions.
- The company established secure optic fibre medianer connection between Mumbai and Los Angeles for film releases and media srvices.
- BIG Cinemas has 500 screens
- Set up its presence in Kedah, Malaysia
Deccan Chronicle Holdings Revenue Up 8.7% YoY
Deccan Chronicle Holdings, owner of the daily by the same name, pink paper Financial Chronicle and Asian Age has reported a net profit of Rs 776.70 million for the quarter ended December 2009, a rise of 202.57 percent YoY.
Revenues of the company for the quarter stands at Rs 2333.7 million, up 8.70 percent as compared to Rs 2147.00 million reporetd for same quarter of the last fiscal. Earnings per share for the quarter is at Rs 3.21 from Rs 1.05 reported last year.
The Board of Directors of the company has declared interim dividend of Re 1 per share. The company also owns the IPL cricket team Deccan Chargers and operates a retail chain under the brand Odyssey.
Mid-Day Multimedia Net Profit Up
Mid-Day Multimedia has announced net profit of Rs 2.1 million for the quarter ended December 2009 as compared to Rs 11.3 million its has reported for the same quarter of last year. Earnings per share is Rs 0.04 for the quarter.
Mid-Day has also announced that its Board of Directors have appointed Mr. Dilip Cherian as an Additional Director on the board of the Company. A total of 48.90 percent of the company is public shareholding and 51.10 percent is held by promoters and promoter group. The publishing business of the company has been transferred to Midday Infomedia Ltd.
Mukta Arts Registers Net Profit
Subhash Ghai’s Mukta Arts Ltd has reported a net profit of Rs 14.84 million for the quarter ended December 2009, as compared to a loss of Rs 34.81 million reported the previous quarter and profit of Rs 58.65 million reported last year for the same quarter.
Income has increased by 103.91 percent QoQ to Rs 228.28 million and decreased 74.58 percent YoY. Production cost is reported at Rs 181.53 for December 2009 54.94 percent more compared to Rs 117.16 million reported last quarter. Employees Cost has increased to 11.26 milion for the quarter from 9.56 million reoprted the previous quarter ended September 2009.
Siemens Profit Down 28.5%
For the quarter ended December 2009, new orders increased by 161 percent to Rs 51.68 billion as compared to Rs 19.8 billion.
The Board of Directors of the company has approved the merger of Siemens Healthcare Diagnostics Ltd with Siemens Ltd on 30 November 2009. The merger scheme has been filed with the High Courts of Mumbai and Gujarat and the court convened meeting is to be held on 29 January 2010.
During the quarter, the Directors of the company also approved the purchase of the remaining 13.85 equity shares of Siemens Building Technologies Private Ltd (SBTPL), for a consideration of Rs 702.50 million, after which SBTPL is a fully owned subsidiary of Siemens Ltd.
—Reliance MediaWorks Acquires London Based ilab
—Reliance MediaWorks To Set Up JV With In-Three
—Sep09 Results Digest: Reliance Mediaworks (Adlabs), CDIL, Tata Comm & Pyramid Saimira
—Results Digest: TV Today Q1-10 Net Profit Plunges 79.5%; Deccan Chronicle Q1-10 Profit Rs. 770M