Den Network posts Q2 net profit at Rs 1.11 cr

Broadcasting and cable TV service provider Den Network today reported a consolidated net profit of Rs 1.11 crore for the September quarter led by cost optimisation measures.
The company had posted a net loss of Rs 43.96 crore in the July-September quarter last fiscal, the company said in a BSE filing.
Its total income during the quarter under review stood at Rs 334.90 crore, up 19.59 per cent, as against Rs 280.04 crore in the corresponding quarter of the last fiscal.
"Den has been able to improve operational performance consistently every quarter with constant focus on increasing the subscription collections on the ground with a much controlled cost base," Den Networks CEO S N Sharma said.

The company's total expense in the second quarter of the financial year 2017-18 stood at Rs 326.12 crore, up 0.64 per cent, as against Rs 324.03 crore in the similar quarter of the previous fiscal.
Shares of Den Network today settled 4.14 per cent higher at Rs 95.65 apiece on BSE.