Den Networks Q3 net loss narrows to Rs 45 cr

Broadcasting and cable TV service provider Den Networks today reported narrowing of consolidated net loss at Rs 45.1 crore for the third quarter ended December 31.
The company had posted consolidated net loss of Rs 87.39 crore in the same quarter of the previous fiscal, Den Networks said in a BSE filing.
Total income from operations stood at Rs 298.83 crore as against Rs 230.39 crore in the same quarter last fiscal, up 29.7 per cent, it added.
Cable TV distribution network clocked revenue of Rs 277.36 crore during the quarter under review as compared to Rs 204.84 crore in the year-ago period.

Broadband business had revenue of Rs 21.47 crore as against Rs 11.76 crore in the same quarter previous fiscal. Shares of Den Networks ended the day at Rs 92.15 apiece, up 3.6 per cent from the previous close on the BSE.