Wednesday, April 11, 2007

Raj Television board okays launching 11 channels

Broadcaster Raj Television Network Ltd’s board approved launching 11 new channels, including a national Hindi channel. Meanwhile Raj Television Network Ltd reported an increased operating profit of Rs 18.32 crore for the year ended March 31, 2007 against Rs 8.4 crore posted in the previous year. According to a company press release, its revenues for the year stand at Rs 38.64 crore against Rs 31.5 crore.

However, profit after tax has come down to Rs 10.7 crore from Rs 11.9 crore in 2006. The company's earnings per share (diluted) for the year under consideration works out to Rs 9.74. It has earmarked Rs 8.92 lakh for interim dividend.

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