Den Networks post Q1 net loss of Rs 51.89 cr

Cable television services firm Den Networks today reported a consolidated net loss of Rs 51.89 crore for first quarter ended on June 30, 2015-16.

The company had posted consolidated net profit of Rs 1.12 crore in the April-June period of last fiscal.

Den Networks'  total revenue on consolidated basis during the quarter under review also declined 11.11% to Rs 265.60 crore as against Rs 298.81 crore in the year-ago period, Den Networks said in a filing to the BSE.

Meanwhile, in a separate filing Den Networks informed BSE that its Chairman Managing Director Sameer Manchanda has been re-appointment on the recommendation of the Nomination and Remuneration Committee), which would be subject to approval of the shareholders.