Den Networks Q1 net loss narrows to Rs 10.11 crore

Broadcasting and cable TV service provider Den Networks today reported a narrowing of consolidated net loss to Rs 10.11 crore for the first quarter ended June 30, led by a good performance from cable segment.
The company had posted consolidated net loss of Rs 45.51 crore in the April-June quarter of the previous fiscal, Den Networks said in a BSE filing.
Its total income from operations was up 15.74 per cent to Rs 322.42 crore during the period under review, as against Rs 278.55 crore in the corresponding quarter of the previous fiscal.
"Den turned another quarter of impressive results by registering a stupendous performance on cable business," said Den Networks CEO S N Sharma.

Den Networks' total expenses was up 5.18 per cent to Rs 330.51 crore, as against Rs 314.23 crore in the corresponding quarter of the previous fiscal.
Cable TV distribution network clocked a revenue of Rs 292.92 crore during the quarter under review, as compared to Rs 251.12 crore in the year-ago period.
Broadband business reported revenues of Rs 21.19 crore, as against Rs 17.79 crore in the same quarter of the previous fiscal.
Shares of Den Networks today settled at Rs 84.00 on BSE, 0.71 per cent lower than the previous close.