Raj TV Q4 net loss at Rs 30.76 million

Chennai-based Raj Television Network (RTN) has posted a net loss of Rs 30.76 million for the quarter ended 31 March 2009, as against a net loss of Rs 3.42 million a year ago.

During the period, the company has recorded a 84.45 per cent growth in revenue to Rs 204.05 million (from Rs 110.625 million).

The income from operations and net sales stood at Rs 194.94 million, as compared to Rs 86.44 million in the prior year.

On the expenditure front, there was a steep rise of 102.81 per cent to Rs 229.93 million in the fourth quarter (from Rs 113.37 million). The operational cost of the network has doubled in the quarter at Rs 83.30 million (from Rs 37.71 million) in the corresponding quarter. Meanwhile, other expenditure also surged to Rs 127.28 million (from Rs 61.52 million).

The company launched a Kannada music channel Raj Musix Kannada on 6 March. It is also acquiring content for upcoming Kannada GEC, while a Kannada news channel is also in pipeline.

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