HT Media Q1 net up 44%

Hindustan Times Media reported a 44 per cent in net profit at Rs 41.37 crore crore for the quarter-ending June 30, 2010 as compared to the same period last year on the back of greater volume growth and higher advertising and circulation revenues.

Hindustan Times Media reported a 44 per cent in net profit at Rs 41.37 crore crore for the quarter-ending June 30, 2010 as compared to the same period last year on the back of greater volume growth and higher advertising and circulation revenues.

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Total revenues during the quarter increased by 20 per cent at Rs 404.21 crore as compared with Rs 336.61 crore last year.

“We are encouraged by a strong start to the financial year 2010-11,” Shobhana Bhartia, Chairperson and Editorial Director, HT Media, said. “Our revenues have grown on the back of expanding readership base, strong product innovation and visible improvement in the advertising environment.”