HT Media back in black, Q3 net Rs 36 cr

HT Media Ltd has posted a consolidated net profit of Rs 35.8 crore for the third quarter ended December 31, 2009, compared to a consolidated net loss of Rs 12.8 crore in the same period last year. Total consolidated revenues have increased by 6 per cent to Rs 366.1 crore during the quarter.

HT Media Ltd has posted a consolidated net profit of Rs 35.8 crore for the third quarter ended December 31, 2009, compared to a consolidated net loss of Rs 12.8 crore in the same period last year. Total consolidated revenues have increased by 6 per cent to Rs 366.1 crore during the quarter.

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“Over the last year, despite economic constraints, we have taken several initiatives to expand our presence, make our offerings more contemporary, augment our infrastructure as well as streamline operations,” said Shobhana Bhartia, chairperson and editorial director.

The Hindi business has been demerged into a separate subsidiary company, Hindustan Media Ventures Ltd.