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This is an archive article published on May 28, 2010

IBN18 Broadcasting posts net loss

Media firm IBN18 Broadcasting today reported a consolidated net loss of Rs 109.55 crore for the year ended March,2010.

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Media firm IBN18 Broadcasting today reported a consolidated net loss of Rs 109.55 crore for the year ended March,2010.

The company had posted a net loss of Rs 92 crore for the fiscal ended March,2009,IBN18 Broadcasting said in a filing to the Bombay Stock Exchange.

Revenues rose to Rs 605 crore in the same period from Rs 183.12 crore in the corresponding period of the previous fiscal.

On a standalone basis,the company posted a net loss of Rs 82 crore for the year ended March,2010,compared to a net loss of Rs 68.22 crore in the previous year.

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