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RBNL Q1FY12: Revenues Up 44% At Rs 75.2 Cr; Radio Div. Reports Profits Of Rs 2.3 Cr

Reliance Broadcast Network Private Limited which owns properties like BIG FM 92.7, BIG CBS, BIG Connect, BIG Street, BIG Live has posted revenues of Rs 75.2 crore for the quarter ending 30th June 2011. The Loss after Tax for this quarter stands at Rs 29.1 crore. According to RBNL, the company reported losses due to the expenses incurred due to the launch of television channels BIG CBS Spark and BIG Magic. - The radio broadcasting division remained EBITDA positive for the quarter at Rs 16.3 crore while posting a profit after tax of Rs 2.3 crore for the current quarter. It was the only profitable segment and witnessed a growth of  22% in revenues at Rs 49.5 crore. - Revenues from the intellectual property business grew by 33% to Rs 7 crore. - OOH business reported revenues of Rs 5.1 crore,…

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