Network18 Media posts Q4 net loss of Rs 29.09 cr, revenue at Rs 561.32 cr

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Network18 Media posts Q4 net loss of Rs 29.09 cr, revenue at Rs 561.32 cr - Business Standard

Quick Summary:

"The group has recognised loss of Rs 1,435.79 crore, upon derecognition of net assets including goodwill, carrying value of non-controlling interest in those subsidiaries and recognition of investment retained in Viacom18 at fair value and sale consideration of the investment in lndiacast, which has been disclosed as exceptional items in the results.

It reported a loss of Rs 195.68 crore and revenue from operations was at Rs 2,792.45 crore in the corresponding March quarter a year ago, according to a late night regulatory filing by Network18 Media on Friday.

Network18 Media & Investments Ltd has reported a consolidated net loss of Rs 29.09 crore in the March quarter, while its revenue from operations stood at Rs 561.32 crore.