Hathway Cable Q3 loss widens to Rs 58.04 crore

Hathway Cable & Datacom Ltd today reported widening on its standalone net loss to Rs 58.04 crore for the third quarter ended December 31, 2014.
It had posted a standalone net loss of Rs 36.85 crore during the October-December quarter in the previous fiscal.
Net sales of the company increased marginally by 1.68 per cent to Rs 238.02 crore during the period under review as against Rs 234.08 crore of the same period last fiscal, Hathway Cable & Datacom said in a filing to the BSE.
"Due to content related issues placement has been adversely impacted in this quarter. These issues have been resolved with broadcasters," the company said.

Shares of Hathway Cable & Datacom today closed at Rs 63.70 per scrip on the BSE, up 0.24 per cent from their previous close.