Den Networks Q1 Net slumps to Rs 1.12 cr; stock tanks 13 pc

Cable television services firm Den Networks Ltd today reported a decline in its consolidated net profit at Rs 1.12 crore for the first quarter ended June 30, 2014.
The company had posted a consolidated net profit of Rs 10.15 crore in the April-June period of last fiscal.
The company's consolidated revenue from operations during the quarter under review increased to Rs 298.81 crore as against Rs 268.70 crore of the previous fiscal, Den Networks said in a filing to the BSE.
Shares of Den Networks closed at Rs 160.05 per share on the BSE, down 12.76 per cent from their previous close.