TV 18 Q4 revenue rises 66 pc, declares 25 pc dividend

Mumbai, May 29: Promoters of CNBC TV18 business news channel, Televison Eighteen (TV18) group today announced 66 per cent rise in Q4 revenue at Rs 53.51 crore, as compared to the corresponding quarter the previous fiscal.

This does not include revenues for Awaaz and CNN-IBN channels, a company release said.

The company's net profit in Q4 went up by 112 per cent as compared to the same quarter last year.

The group declared 25 per cent dividend.

The annual revenue of the TV 18 went up by 54 per cent to Rs 152 crore.

The annual net profit was up by 68 per cent to Rs 53.49 crore.

The group has announced foray into internet and home shopping space and has also acquired a 50 per cent interest in Indian arm of Jobstreet.com, an online jobsite.

''We are delighted to report a record quarter for the company in terms of revenue performance and the spectacular success of CNN-IBN,'' TV 18 MD Raghav Bahl said, after the meeting of the company's board.

UNI