HT Media revenue up 3% to Rs 585 cr | business | Hindustan Times
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HT Media revenue up 3% to Rs 585 cr

business Updated: Jul 26, 2014 00:05 IST
HT Correspondent

HT Media Ltd (HTML) on Friday reported a 3% year-on-year rise in net revenue for the April-June quarter to Rs 585.9 crore, from Rs 568.5 crore last year, led by an increase in advertising and circulation revenues.

Net income was down by 31% to Rs 32.7 crore from Rs 47.5 crore a year ago on account of increase in cost of raw material and increase in employee cost.

HT Media Ltd is the publisher of Hindustan Times.

“Healthy growth in advertising yields and net realisations across all our dailies helped us weather a challenging quarter for print media,” said Shobhana Bhartia, chairperson and editorial director, HT Media Ltd.