BWI: DEN Networks Limited - Summary of Financial Performance for the Period Ended December 31, 2009

Press release from Business Wire India
Source: DEN Networks Limited
Friday, January 29, 2010 02:25 PM IST (08:55 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges; Technology
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DEN Networks Limited - Summary of Financial Performance for the Period Ended December 31, 2009


New Delhi, Delhi, India, Friday, January 29, 2010 -- (Business Wire India) -- Financial Highlights

-- Consolidated Revenues at Rs 237 crore; QoQ growth of 6%.
-- Consolidated EBITDA at Rs 28.7 crore; QoQ growth of 35%.
-- PAT at Rs 7.72 cr; QoQ growth of 261%

Other Highlights

-- DEN's leadership status in Indian cable & its pioneering role in the consolidation of the industry are paying dividends for the company.
-- DEN Launches 24 hr Music Service Spanning 10 Genres on its Digital Platform
-- DEN Launches Micro-blogging service 'blog.telly' on its digital platform

DEN Networks Limited announced its results for Q3 FY2009-10. Reflecting on the performance, Mr. Sameer Manchanda, Chairman, Den Networks Limited, said:

"The results are a reflection of rapid consolidation of our position in the fast growing television industry. We expect the trend to continue over the next few years, which should also see the emergence of unique value added service offerings."

The Consolidated Revenues during the quarter ended December 31, 2009 increased by 6% to Rs 237 crores reported in the earlier quarter.

The EBIDTA during the quarter grew 35% to Rs.28.7 crores reported in the earlier quarter ended September 2009.
The PAT(Profit After Tax) during the quarter grew 261% to Rs.7.72 crores.

Other Highlights

-- DEN's leadership status in Indian cable & its pioneering role in the consolidation of the industry are paying dividends for the company.

-- DEN Launches 24 hr Music Service Spanning 10 Genres on its Digital Platform: Genres span 'New Hindi Movie Hits', 'Old Classics', 'Latest English' and 'Old English Classics' and regional music. Each song is accompanied by details such as singer name, album and music director.

-- DEN Launches Micro-blogging service 'blog.telly' on its digital platform: Subscribers can blog on TV through SMS or via the DEN's digital website. 'blog.telly' offers various discussion forums revolving around current affairs, socio-economic issues, movies, sports and TV gossip.

About DEN Networks Limited:

Promoted by Sameer Manchanda, Den Networks Ltd. is one of the leading cable television companies in India with a pan-Indian subscriber base of approx. 10 million. Den has expanded its services to 77 cities across India.

DEN currently provides cable television services in the National Capital Region of Delhi and the states of Uttar Pradesh, Rajasthan, Maharashtra, Gujarat, Karnataka, Haryana, Madhya Pradesh and Kerala. It has obtained an all-India ISP license and has recently commenced a limited roll out of broadband internet services in select areas, which it intends to expand in all the other cities where it operates.

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KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TECHNOLOGY

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