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Reliance MediaWorks narrows loss to Rs 119.61 crore

Reliance MediaWorks posted Rs.151.11 crore net loss in the October- December quarter for 2011-12
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First Published: Mon, Feb 11 2013. 07 57 PM IST
Total income from operations was lower at `206.95 crore in the quarter under review, compared with `211.06 crore in the October-December 2011 quarter. Photo: HT
Total income from operations was lower at Rs.206.95 crore in the quarter under review, compared with Rs.211.06 crore in the October-December 2011 quarter. Photo: HT
Mumbai: Media and entertainment firm Reliance MediaWorks has narrowed its net loss to Rs.119.61 crore in the quarter ended 31 December 2012. Its net loss stood at Rs.151.11 crore in the same period last year, the Anil Ambani-led company said in a filing to the BSE on Monday.
Reliance MediaWorks operates three businesses— film distribution under BIG Cinemas, TV production unit under BIG Synergy, and a film and media services segment. Total income from operations was lower at Rs.206.95 crore in the quarter under review, compared with Rs.211.06 crore in the October-December 2011 quarter.
Film production services business accounted for Rs.32.21 crore of revenues, while those from theatrical exhibition and television/film production and distribution segments stood at Rs.142.44 crore and Rs.33.44 crore in the reported quarter, respectively.
On a standalone basis, the company’s net loss stood at Rs.89.20 crore in the October-December 2012 quarter against a loss of Rs.115.13 crore in the same quarter of 2011. Total income, on standalone basis, was at Rs.135.91 crore in the reported quarter as against Rs.129.06 crore in October-December 2011 quarter.
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First Published: Mon, Feb 11 2013. 07 57 PM IST
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