DEN Networks Ltd has posted results for the first quarter ended 30th June, 2012.
Financial Highlights for Q1 FY2012-13
Consolidated PAT at Rs 122.2mn for Apr-Jun, up 157% Q-on-Q; up 562% Y-o-Y
Consolidated EBITDA at Rs 474.3mn jumps 13% Q-o-Q ; up 72% Y-o-Y
Cable Business Revenues stood at Rs 190.11 crores in Q1 FY’13, up 21% Y-o-Y
Consolidated Net Revenue stood at Rs 200.53 crores. Figure not comparable to past periods on account of reporting policy changes at MediaPro
Industry & Company Updates
In order to grant more time to the stakeholders to carry out the digital transition in a seamless manner, the Ministry of Information and Broadcasting (MIB) extended the deadline for Phase 1 of digitisation from the June 30, 2012 to October 31, 2012.
The Company is aggressively pursuing on ground marketing and sales activities to further increase the pace of digitisation
DEN has launched its HD service offering a slew of real HD channels with Dolby Digital (Surround Sound).
S.N. Sharma, CEO, DEN Networks Ltd., said, “The quarter gone by has been very satisfactory for DEN and we have made rapid progress in digitisation. We expect the business to continue to exhibit strong growth momentum in the coming quarters and we are looking forward to the Oct 31 deadline for Phase 1 of digitisation.”