NDTV Announces Results
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Home / India News / 2007 / May / May 23, 2007
NDTV Announces Results for Fourth Quarter 2007
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NDTV Announces Results for Fourth Quarter 2007

New Delhi, Delhi, India

KEY HIGHLIGHTS

-- NDTV gets board approval to make structural change in its News and Business operations

-- Structural changes to unlock shareholders value

-- Structural changes to position News and Business division for growth and enable raising funds for expansion

RESULT HIGHLIGHTS (NDTV Standalone**)

For the quarter ending March 31st, 2007

-- NDTV revenues grow by 27.5% in Q4 FY'07 at Rs 67.60 crores versus Rs. 53.03 crores in the same quarter of the previous year

-- EBIDTA for Q4 is at Rs 11.00 crores compared with Rs. 6.51 crores in the same quarter of the previous year representing a 69% year on year growth

-- Operating profits have more than doubled at Rs 5.47 crores versus Rs 2.50 crores in same period last quarter

***Consolidated results are not comparable to last year as they include costs incurred in setting up new businesses in NDTV Network PLC.

In a significant development NDTV board has decided to explore appropriate structural changes in NDTV Ltd to position the News and Business segments for their next phase of growth with the objective of encouraging entrepreneurship within the company, while also continuing to attract the best external talent. The proposed structure should also allow growth opportunities through acquisitions and/or strategic tie-ups in India and abroad and benchmark the operations with global peers to enhance the shareholder value.

KEY ACHIEVEMENTS

The NDTV News Network has delivered strong revenue growth and maintained its market leadership despite increasing competition. The English news channel, NDTV 24x7 remains the market leader as per the latest TAM figures for All universe, all India. 24 hours. NDTV Profit and NDTV India have both maintained their positions in market shares.

While commercial success of remaining the country's largest news network has been critical, NDTV has also received plenty of professional recognition in this year. The Business World 2007, survey, has recognized NDTV as India's most respected Media Company.

NDTV has also won 7 Indian Telly Awards, including the Best News Channel of the year award for NDTV 24x7, 4 Asian Television awards and CNN Young journalist awards.

BUSINESS HIGHLIGHTS

This year was significant for NDTV. The company has raised the bar of growth several times and outlined a vision to build a global business.

NDTV Networks, a 100% subsidiary of NDTV was incorporated to seize opportunities in areas "beyond news"- entertainment, lifestyle, media technology and outsourcing.

NDTV Imagine has been incorporated to spearhead the group's foray into the biggest and most profitable section of television - mass entertainment. Starting with General Entertainment, the company will expand into movies, regional youth and kids programming. NDTV Life will capitalize on the retail and consumer boom by providing an up-market lifestyle channel for the global urban Indian -- with world-class shows on fashion, food, travel and luxury.

The initial global portfolio of television channel includes the highly successful Astro Awani in Indonesia, a soon to be launched channel in Malaysia and another in the Middle East. Other Asian and African countries will follow.

The focus of the company from now is on the "triple play". NDTV Convergence will exploit the synergies between television, Internet and mobile. Its core advantage is the distinct content it draws from the NDTV channel of bouquets, to build robust TV-online synergies and powerful web 2.0 communities.

Another arm of NDTV Networks is NDTV Labs, which has been developing top quality media software and technology for captive use. This is now being globally marketed and commercially exploited. In the outsourcing space, the join venture company NGEN Media Services has received enthusiastic response from global media firms in areas of post production services and digital asset management.

These and other plans to take the NDTV brand global are being rolled out aggressively.

manishan@ndtv.com amahapatra@comma.in

Source: NDTV (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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