Hindustan Media Ventures Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 25, 2016 at 06:27 am
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Hindustan Media Ventures Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of INR 2,375.1 million compared with INR 2,052.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 545.1 million compared with INR 339.6 million a year ago. Profit from ordinary activities before tax was INR 630.0 million compared with INR 475.6 million a year ago. Net profit was INR 468.6 million or INR 6.38 basic and diluted per share compared with INR 365.8 million or INR 4.98 basic and diluted per share a year ago.
For the nine months, the company reported net sales of INR 6,825.0 million compared with INR 6,064.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,502.4 million compared with INR 1,033.8 million a year ago. Profit from ordinary activities before tax was INR 1,835.1 million compared with INR 1,362.7 million a year ago. Net profit was INR 1,336.0 million or INR 18.20 basic and diluted per share compared with INR 1,019.2 million or INR 13.89 basic and diluted per share a year ago.
Hindustan Media Ventures Limited is an India-based company, which is engaged in the business of publishing Hindustan, a Hindi daily, and Hindi Magazines and undertakes commercial printing jobs. The Company operates in two segments: Printing & Publishing of Newspaper & Periodicals and Digital. Hindustan covers news across the entire news spectrum ranging from politics, business, entertainment, sports, and other themes of interest on a global, national, and local level. Hindustan is published in five regions: Bihar, Jharkhand, Uttar Pradesh, Uttarakhand and Delhi-NCR. The Company's other brands include LiveHindustan.com, Nandan, Kadambini and HT Labs. LiveHindustan.com is Hindustan newspaper's Hindi news Website, which offers comprehensive online content. Nandan is a monthly children magazine, which provides a mix of traditional and modern stories, poems, interactive columns, interesting facts and other educative columns. Kadambini is a monthly socio-cultural magazine.