14th Feb,2012,Tuesday
Media and entertainment firm UTV Software and Communications today reported consolidated net loss of Rs 96.19 crore for the quarter ended December 31, 2011.
The company had a consolidated net profit of Rs 39.98 crore for the same quarter last fiscal, it said in a filing to the BSE.
UTV's consolidated net sales for the quarter under review declined by 38 per cent to Rs 158.43 crore from Rs 255.14 crore in the third quarter of previous financial year.
US-based Walt Disney Co is in the process of acquiring a controlling stake in UTV Software and Communications.
Last year, UTV had announced that Walt Disney Co has offered to buy out stakes held by public shareholders and other promoters of the company in a deal valued around Rs 2,000 crore.
Media and entertainment firm UTV Software and Communications today reported consolidated net loss of Rs 96.19 crore for the quarter ended December 31, 2011.
The company had a consolidated net profit of Rs 39.98 crore for the same quarter last fiscal, it said in a filing to the BSE.
UTV's consolidated net sales for the quarter under review declined by 38 per cent to Rs 158.43 crore from Rs 255.14 crore in the third quarter of previous financial year.
US-based Walt Disney Co is in the process of acquiring a controlling stake in UTV Software and Communications.
Last year, UTV had announced that Walt Disney Co has offered to buy out stakes held by public shareholders and other promoters of the company in a deal valued around Rs 2,000 crore.
Regards
KD
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