Network18 reported consolidated revenues of Rs 1538 crore in the quarter ended December 31, 2018. This is almost a 250% jump from the same quarter last year, when revenues were Rs 439 crore, and a 28% improvement over the preceding quarter from Rs 1200 crore. The company reported an increase of 25 times in Profit after Tax (PAT) to Rs 77 crore from Rs 3.1 crore in Q3FY18, and from a loss of Rs 66 crore in the preceding quarter. Total income has improved from a loss of Rs 14 crore in Q3FY18 to a profit of Rs 46 crore this quarter. Network18 & TV18 subsidiary mergers The National Company Law Tribunal has approved the merger of 13 of Network18’s subsidiaries — Digital18 Media, Capital18 Fincap, RVT Finhold, RRK Finhold, RRB Investments, Setpro l S Distribution, Reed Infomedia India, Web18…
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