Next Mediaworks Ltd. announced unaudited consolidated and standalone earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company reported net sales of INR 141.4 million compared with INR 125.6 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 13.1 million compared with loss from operation before other income, finance cost and exceptional items of INR 1.5 million for the same period a year ago. Profit from ordinary activities before tax was INR 0.6 million compared with INR 1.7 million for the same period a year ago. Net loss was INR 5.7 million or INR 0.12 per basic and diluted share before and after extraordinary items compared with INR 1.2 million or INR 0.01 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the six months, the company reported net sales of INR 280.7 million compared with INR 235.7 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 18.5 million compared with loss from operation before other income, finance cost and exceptional items of INR 12.3 million for the same period a year ago. Loss from ordinary activities before tax was INR 4.8 million compared with INR 20.8 million for the same period a year ago. Net loss was INR 10.9 million or INR 0.21 per basic and diluted share before and after extraordinary items compared with INR 52.6 million or INR 0.69 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the quarter, the standalone company reported loss from operation before other income, finance cost and exceptional items was INR 6.6 million compared with INR 10.5 million for the same period a year ago. Loss from ordinary activities before tax was INR 8.6 million compared with profit from ordinary activities before tax of INR 4.4 million for the same period a year ago. Net loss was INR 9.7 million or INR 0.17 per basic and diluted share before and after extraordinary items compared with net profit of INR 1.5 million or INR 0.03 per basic and diluted share before and after extraordinary items for the same period a year ago.

For the six months, the standalone company reported loss from operation before other income, finance cost and exceptional items was INR 13.1 million compared with INR 19.2 million for the same period a year ago. Loss from ordinary activities before tax was INR 16.6 million compared with profit from ordinary activities before tax of INR 4.6 million for the same period a year ago. Net loss was INR 15.4 million or INR 0.26 per basic and diluted share before and after extraordinary items compared with net profit of INR 1.6 million or INR 0.03 per basic and diluted share before and after extraordinary items for the same period a year ago.