India’s MSO, Hathway, has reported a net loss of USD 7.1 million for the most recent quarter. This is would make it a whopping 35.26 times higher than the loss reported for the same quarter from a year ago, which stood at USD USD 200,000.
The MSO has reported net income to be USD 35.3 million approximately. That is 68% higher than the net income reported for the same quarter in the previous year which was USD 21 million. However it trails 5.4% behind the previous quarter where the net income was reported to be USD 37.2 million.
Hathway, which currently ranks as one of the top MSOs in India has been riddled with debts and is trying to keep up with the ongoing digitisation drive. In effect back in October, the MSO allotted 3.5 million of its own shares to various entities in a bid to raise USD 16.1 million to counter its debts.
No comments:
Post a Comment