Tuesday, October 24, 2006

Digital Broadcasters | India | TV Today Reveals Healthy Financials

Digital Broadcasters Vendors News has learned that TV Today Network Limited (BSE:532515,NSE:TVTODAY,Bloomberg:TVTN@IN,TVTO.BO) revealed on October 23 that it earned a profit of 32.8 million Indian Rupees in the Sep 06 quarter, up from Rs 23.7 million in the corresponding quarter of the previous fiscal period. This represents a growth of 38.39% over the corresponding quarter.

The sales grew to Rs 381.2 million in the quarter compared with Rs 314.5 million in the corresponding quarter of the previous year. The total income of the company stood at Rs 418.6 million in the quarter, compared with Rs 340.7 million in the corresponding quarter last year.

Recently, Templeton Mutual Fund sold 930,000 shares of TV Today Network at Rs 75.02 per share.

Summed up in simple terms, Digital Broadcasters Vendor News believes that T V Today Network Limited (TVTN), part of the India Today Group, is in a very healthy financial position. The Group is regarded as one of India`s leading media companies with interests in television, radio, print, publishing, music distribution and the Internet.

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