The company made a profit before tax of Rs 0.28 crore this year against a loss of Rs 2.28 crore in the same period last year, representing a 112 per cent improvement
BestMediaInfo Bureau | Delhi | August 1, 2013
Next Radio Ltd, the joint venture of Next Mediaworks and BBC Worldwide which runs radio stations in seven cities under the 94.3 Radio One brand, has declared its financial results for the quarter ending June 2013 at its board meeting held yesterday.
Topline revenue was up 26.4 per cent from Rs 11.02 crore last year to Rs 13.94 crore this year. EBIDTA profit was up 51.4 per cent from Rs 2.82 crore last year to Rs 4.27crore this year. EBIDTA margin stood at a healthy 31 per cent.
The company made a profit before tax (PBT) of Rs 0.28 crore this year compared to a loss of Rs 2.28 crore in the same period last year. This is a rise in profit of 112.2 per cent compared to the same period last year.
Vineet Singh Hukmani, MD & CEO, Radio One, said, “We are on track with our strong and well established differentiation strategy and the lowest cost of operations in the industry, and are now able to scale up even in a slow economy. In the coming quarters we will reveal new and exclusive initiatives that will propel us to the next level of radio growth.”
With International format stations in Delhi and Mumbai, Hindi Retro format stations in Ahmedabad and Kolkata, Premium Bollywood format stations in Bangalore and Pune, and a 100 per cent Request format in Chennai, Radio One has pioneered ‘format radio’ in India for the benefit of higher net worth listeners and advertisers looking to reach a well profiled educated and digitally connected audience.Own BestMediaInfo Android app for fastest updates and breaking news. Click here to download for free.