BackReliance MediaWorks narrows loss to ₹119.61 crore
Reliance MediaWorks posted `151.11 crore net loss in the October- December quarter for 2011-12
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Mumbai: Media and entertainment firm Reliance MediaWorks has narrowed its net loss to 119.61 crore in the quarter ended 31 December 2012. Its net loss stood at 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 206.95 crore in the quarter under review, compared with 211.06 crore in the October-December 2011 quarter.
Film production services business accounted for 32.21 crore of revenues, while those from theatrical exhibition and television/film production and distribution segments stood at 142.44 crore and 33.44 crore in the reported quarter, respectively.
On a standalone basis, the company’s net loss stood at 89.20 crore in the October-December 2012 quarter against a loss of 115.13 crore in the same quarter of 2011. Total income, on standalone basis, was at 135.91 crore in the reported quarter as against 129.06 crore in October-December 2011 quarter.
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