TVTN registered 30.5 percent and 27.3 percent y-o-y growth in consolidated revenue from operations (Op Rev) and consolidated profit after tax (PAT) respectively for this quarter.
Its consolidated simple EBITDA for the quarter under review increased 19.3 percent y-o-y as compared to Q1 2019.
TVTN is engaged in Television Broadcasting (TV), Radio Broadcasting (Radio) and Newspaper Publishing. TV and Others segments reported growth in revenue and operating results, while Radio and Newspaper Publishing segments had decline in revenue and the company reported operating losses from these segments.
Its TV segment operating revenue grew 30.8 percent y-o-y to Rs 207.74 crore in Q1 2020 from Rs 158.86 crore. The segment’s operating result grew 12.4 percent y-o-y in the period under review to Rs 64.24 crore from Rs 57.14 crore. The radio segment operating revenue declined 34.6 percent y-o-y in Q1 2020 to Rs 3.78 crore from Rs 5.78 crore. Radio operating result was a higher loss of Rs 3.73 crore in Q1 2020 as compared to a loss of Rs 1.01 crore in Q1 2019.