HT Media Net Up 92%
One of India's leading media organizations, Hindustan Times Media Limited, has posted the net profit of Rs 31.41 crore. The company's profit is up by 92% in the second quarter of the year 2009.
While the increase when compared with the depressed sales of the year-ago period is not surprising, net profit for the quarter under review is only marginally (1%) lower than the corresponding quarter during the 2007-08 year.
Total revenues grew by 4.15% y-o-y to Rs 348.05 crore while costs were lower by 2.34% y-o-y at Rs 299.92 crore.
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