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. Details: Financials | Release 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,…
