IBN18 Broadcasting posts net loss of Rs 109.55 cr for FY'10

Media firm IBN18 Broadcasting, today, reported a consolidated net loss of Rs 109.55 crore for the year ended March, 2010. The company had posted a net loss of Rs 92 crore for the fiscal ended March, 2009, IBN18 Broadcasting said in a filing to the Bombay Stock Exchange.

Media firm IBN18 Broadcasting, today, reported a consolidated net loss of Rs 109.55 crore for the year ended March, 2010. The company had posted a net loss of Rs 92 crore for the fiscal ended March, 2009, IBN18 Broadcasting said in a filing to the Bombay Stock Exchange.

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Revenues rose to Rs 605 crore in the same period from Rs 183.12 crore in the corresponding period of the previous fiscal. On a standalone basis, the company posted a net loss of Rs 82 crore for the year ended March, 2010, compared to a net loss of Rs 68.22 crore in the previous year.