GBN posted net profit of Rs 2.78 cr

New Delhi, Apr 30 (UNI) Global Broadcast News Limited (GBN) broadcaster of 24-hour english language news and current affairs channel - CNN-IBN, today announced a net profit of Rs 2.78 crores, for the quarter ended March 31, 2007.

GBN registered a gross revenues of Rs 29.06 crores in this quarter end.

Sameer Manchanda, Joint Managing Director, GBN said "the last quarter has seen GBN turn into black, and that too within fifteen months of launch of CNN-IBN." He further said "the media sector is on a growth path and we are proud to be a part of it. We sense attractive growth opportunities and our business plans would continue to reflect market trends and needs of our viewers." UNI PM MP RS2051