Television Eighteen India today reported over five-fold decline in its consolidated net loss for the year ended March 31, 2011 at Rs 20.11 crore.
For the twelve months ended March 31, 2010, the company's consolidated net loss was Rs 117.20 crore.
However, the company's net sales for the period under review increased 11.53 per cent at Rs 579.77 crore, as against Rs 519.80 crore in 2009-10, it said in a filing to the Bombay Stock Exchange.
The company did not share net loss/profit numbers for the last quarter of 2010-11.
"In Q4, FY2011, traditionally our strongest quarter continued its robust performance with consolidated revenues at Rs 178 crore and operating profits at Rs 25 crore, a growth of over 20 per cent sequentially quarter-on-quarter," the firm said.
The firm's scrips were trading at Rs 75.60 per share on the BSE in the afternoon trade, down 0.53% from the previous close.