|
MUMBAI: Entertainment Network India Ltd's (ENIL) income has
grown by 69.2 per cent to Rs 354.5 million for the first quarter
ended 30 June 2006 as compared to Rs 209.5 million a year
ago.
Net profit for the quarter ended stood at Rs 13 million. The
company incurred a marketing expense of Rs 0.9 million.
ENIL manages FM broadcasting under the brand name of radio
Mirchi.
The earnings before interest, depreciation, tax and amortization
(EBITDA) for the quarter stood at Rs 59.7 million as against
Rs 60.1 million in the corresponding period of the previous
year.
On comparing the year-on-year (YoY) performance of the existing
seven stations, the topline has grown by 47.3 per cent and earnings
has grown by 55 per cent, according to an official release.
During the quarter, ENIL had launched three new FM stations
- in Bangalore, Hyderabad and Jaipur. "The financial result
captures the costs for the full quarter whereas the revenue
reported is only for part of the quarter," the release
added.
Commenting on the results ENIL MD and CEO A P Parigi said,
"As a company we continue to focus on expanding the FM
Radio category and sustaining the leadership of Radio Mirchi
in the existing and new markets. Research findings of IMRB,
commissioned by us, indicate Radio Mirchi is the No. 1 radio
station in terms listenership in Bangalore, Hyderabad and
Jaipur".
Times Innovative Media Limited (TIMPL), the subsidiary of
ENIL, has bagged a few contracts during the quarter. Times
OOH Media has won, among others, the advertising rights for
Patel Bridge, considered a unique outdoor advertising infrastructure
in the city of Mumbai.
The experiential marketing business, 360 Degrees, has been
selected as the nodal agency for Habitat for Humanity, a Jimmy
Carter Project - 2006. The project is part of a global endeavour
of the former president of United States aimed at establishing
low cost housing for the underprivileged across the world.
| 
