DEN Networks has reported a net loss of INR518.9 million for the quarter that ended 30 June, 2015. The multi-system operator’s net loss stood at INR620.8 million for the trailing quarter.
Operational revenue for the quarter was at INR2.66 billion, a 1.7% decrease quarter-on-quarter. The company’s total expenses were at INR3.20 billon compared to INR 3.24 billion in the preceding quarter. Content cost, too has reduced from INR1.39 billion in the last quarter to INR1.36 billion during the current quarter.
As for the digital addressable system, DEN Networks says that it has seeded two million set-top boxes in the Phase III areas. The deadline for the third leg of DAS is 31, December, 2015. Strong STB penetration could help the cable network expand its business in Phase III territories.
In related news, Foreign Investment Promotion Board (FIPB) recently approved multi system operator (MSO) Den Networks’ proposal of increasing its foreign direct investment limit from 49% to 75%.
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