The company's net profit for the year ended March 31,2008 was Rs 41.68 crore as compared to Rs 17.51 crore during FY07.
Total Revenue has increased to Rs 326.59 crore from Rs 201.39 crore during the year ended March 31, 2007.
Raghav Bahl,managing director,Television Eighteen said, "Our news channels continue to lead the business news genre. The revenues from all properties are showing solid growth. Acquisition of Infomedia is underway and should soon be completed. We have forged a JV with Jagran Prakashan to launch a Hindi business newspaper and are also preparing to enter the English business newspaper market."
Television Eighteen's consolidated net profit for the quarter ended March 31,2008 stood at Rs 12.48 crore. During the quarter the total revenue was Rs 147.86 crore. The consolidated net profit for the FY08 was Rs 25.52 crore. Total income for the year ended March 31,2008 was Rs 437.38 crore.