Press release from Business Wire India
Source: DEN Networks Limited
Saturday, May 29, 2010 10:01 PM IST (04:31 PM GMT)
Editors: General: Consumer interest, Economy; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges; Technology
DEN Networks Limited Announced its Results for Q4 & FY2009-10
Summary of Financial Performance for the Period Ended 31st March, 2010Summary of Financial Performance for the Period Ended 31st March, 2010
New Delhi, Delhi, India, Saturday, May 29, 2010 — (Business Wire India) — Annual results
The company’s consolidated revenue for the year ended March 2010 increased by 28.3% to Rs. 919.09 crore as against Rs. 716.35 crore for the corresponding previous year. Company has recorded Net profit of Rs. 30.11 crore in FY 2010 as against loss in the previous year of Rs. 15.11 crore in FY 2009.
EBIDTA of the company has grown more then ten times to Rs. 89.65 crore as against Rs. 7.82 crore for the corresponding previous year.
Revenue for the 4th quarter ended March 2010 (on consolidated basis) stands at Rs. 246.30 crore and Net profit for the quarter is Rs. 17.02 crore. Being the first year of listing, the figures for corresponding three months have not been presented
. DEN’s leadership status in Indian cableØ & its pioneering role in the consolidation of the industry are paying dividends for the company.
. Company is all set to aggressively strengthenØ and expand its footprint across India – world’s second largest pay distribution market on subscriber base.
. DEN is also looking to aggressively digitize its analog subscriber base to offer more choice and value to its subscribers and drive addressability in the sector.
. DEN Launches 24 hr Music ServiceØ Spanning 10 Genres on its Digital Platform: Genres span ‘New Hindi Movie Hits’, ‘Old Classics’, ‘Latest English’ and ‘Old English Classics’ and regional music.
. DEN Launches Micro-blogging service ‘blog.telly’ on its digital platform:Ø Subscribers can blog on TV through SMS or via the DEN’s digital website. ‘blog.telly’ offers various discussion forums revolving around current affairs, socio-economic issues, movies, sports and TV gossip.
About DEN Networks Limited:
Promoted by Sameer Manchanda, Den Networks Ltd. is one of the leading cable television companies in India with a pan-Indian subscriber base of approx. 10 million. Its also amongst top 500 companies in India (BS) on turnover basis. Den today has its services to 77 cities across India. The company is successfully leading consolidation in the cable television distribution sector by acquiring and integrating MSO’s .
Amit Arora, Mutual PR, +91 9811154140, email@example.com
CONSUMER, ECONOMY, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TECHNOLOGY
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