Independent Media Trust's Network18 Media Investment Limited posted profit before tax to the tune of Rs 5.8 crore for the quarter ended June, turning positive from a loss of Rs 43.9 crore during the same period last year.
Operating revenues on a consolidated basis stood at Rs 793.6 crore in Q1 FY16, up 12 per cent year on year, from Rs 708.4 crore in Q1 FY15 while consolidated EBITDA stood at Rs 49.1 crore, up by 99 per cent y-o-y, from Rs 24.7 crore in Q1 FY15. The EBITDA includes the proceeds from the sale of the company cinema exhibition business to Carnival Cinemas which amount to Rs 43.3 crore.
