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Network18 Reports Rs 6.8 Cr Profit, Rs 697.4 Cr Revenue For Q3FY13

Network18 group appears to have made a turnaround during the quarter ending December 31, 2012, posting a consolidated net profit of Rs 6.8 crore, as compared to Rs 22.6 crore loss in the previous quarter and Rs 85.8 crore loss in the corresponding quarter last year. The group has posted a consolidated revenue of Rs 697.4 crore for the quarter ending December 31, 2012, up 30.6% from Rs 534 crore revenues in the previous quarter and up 53.37% from Rs 457.7 crore revenues in the same quarter last year. Read about the digital and e-commerce results here. Download: Release | Financials TV18 Business TV18, the broadcasting subsidiary of Network18 has reported a net profit of Rs 21.3 crore for the quarter ending December 31, 2012, as compared to Rs 40.6 crore loss in the previous quarter and Rs 53.5 crore loss in the corresponding quarter last year. The company posted operating revenues of Rs 512.4 crore, up from Rs 365.1 crore in the previous quarter and Rs 296.6 crore in the corresponding quarter last year. Note that this revenue includes the entire revenue generated from its broadcasting operations (news and entertainment operations), its infotainment operations (AETN18), its distribution operations through Indiacast, a joint venture with Viacom18 and 50% share of Viacom18 and 50% share of IBN Lokmat. Contribution Of News Channels To Revenues  Network18's news channels reported for Rs 150.4 crore revenue and Rs 37.6 crore profit, as compared to Rs 143 crore revenue and Rs 9.2 crore profits in the…

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