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Den Networks Ltd, a cable television distribution company, yesterday reported a decline of three per cent in consolidated net profit at Rs 47.85 crore for the third quarter ended December.
The company had posted a net profit of Rs 49.32 crore in the October-December period a year ago, according to a regulatory filing of Den Networks, a firm owned by Reliance Industries Group, PTI reported from New Delhi.
Its total revenue was down 1.4 per cent to Rs 272.93 crore in the December quarter. It was at Rs 276.90 crore in the corresponding period a year ago.
In the December quarter, total expenses of Den Networks declined 3.43 per cent to Rs 260.96 crore.
Shares of Den Networks Ltd on Friday closed at Rs 64.11 on BSE, down 0.70 per cent from the previous close.
An investor presentation, accessed by Indianbroadcastingworld.com from the BSE website, made by the company said operations cover 500+ cities/towns across 13 key States (Delhi ,Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand) in India.
DEN Broadband Limited was incorporated in 2011. The company holds Unified License and is a wholly-owned subsidiary of DEN Networks Limited. It has currently enabled fixed broadband services across 41 cities/towns.
