Entertainment Network Limited Reports Earnings Results for the First Quarter Ended June 30, 2023
August 11, 2023 at 09:18 am
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Entertainment Network (India) Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 938.5 million compared to INR 990.42 million a year ago. Revenue was INR 1,032.05 million compared to INR 1,036.95 million a year ago.
Net income was INR 9.98 million compared to net loss of INR 131.08 million a year ago. Basic earnings per share from continuing operations was INR 0.28 compared to basic loss per share from continuing operations of INR 2.85 a year ago. Diluted earnings per share from continuing operations was INR 0.28 compared to diluted loss per share from continuing operations of INR 2.85 a year ago.
Entertainment Network (India) Limited is an India-based advertising company. The Company generates its advertising revenues by the sales of airtime in the Companyâs frequency modulation (FM) radio broadcasting stations, activations, concerts and monetization of Companyâs digital and other media properties. The Company operates FM radio broadcasting stations in 63 Indian cities. The Companyâs subsidiaries include Alternate Brand Solutions (India) Limited, Entertainment Network, Inc., Entertainment Network, LLC, Global Entertainment Network Limited W.L.L., and Mirchi Bahrain W.L.L. Its brands include Radio Mirchi, Mirchi Plus, Mirchi 95, Mirchi Love and Kool FM. The Company operates in Ahmedabad, Akola, Amravati, Amritsar, Asansol, Aurangabad, Bengaluru, Bharuch, Bhavnagar, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi, Nagpur, Pune, Guwahati, Hubli Dharward, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jhansi, Jodhpur, Kolkata, and other.