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Network18 Media and Investments posted a consolidated net loss of Rs 1,021.87 crore for the first quarter ended June 30, 2014, due to a one-time exceptional expense of Rs 1,045.37 crore.
The company had registered a net profit of Rs 18.9 crore in the same period a year ago, it said in a BSE filing.
Network18's income from operations for the first quarter of 2014-15 stood at Rs 699.74 crore, up 27.09% from Rs 550.58 crore in the same period last year.
During the quarter, overall expenses stood at Rs 733.45 crore compared with Rs 611.81 crore in the corresponding quarter last year.
Shares of Network18 Media and Investments today closed 3.30% higher at Rs 51.65 apiece on the BSE.
