Televisionpoint.com: CNBC TV18 has put up a marvellous performance in the third quarter of the current financial year. The highlight is its internet business has grown by six times. It has announced entry into subscription model for its Internet portal (Moneycontrol.com). (Ed: I am not sure how much it will pay off since the company has had a thriving advertising model).
The net profit of the company is up 19.6 per cent at Rs 119 million from Rs 100 million on a QoQ basis. On the YoY, net profit is up 46.7 per cent at Rs 119 million from Rs 81.6 million. The net sales are also up 23.7 per cent at Rs 381 million from Rs 308 million on QoQ basis. On YoY net sales are also up 54.9 per cent at Rs 381 million from Rs 241 million.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post