Cable TV
Casbaa to stage satellite industry forum
MUMBAI: The Cable & Satellite Broadcasting Association of Asia (Casbaa) will stage the Casbaa Satellite Industry Forum on Monday 14 June 2004 in Singapore at the Fullerton Hotel.
ViaSat chairman and CEO Mark Dankberg will speak on ground-breaking technologies and regional market drivers such as new broadband applications while Middle East system operator Thuraya chairman Mohammed Omran will deal with the latest operating environment, during the event. Featured speakers also inclde the satellite industry’s US state department regulator Steve Lett, Loral SkyNet president Terry Hart, HBO Asia ceo Jonathan Spink and Telkom South Africa ceo Sizwe Nxasana, informs a press release.
Topics expected to come under discussion include issues such as the power of direct-to-home (DTH) broadcasting and Asia’s improving regulatory environment. The day will also see high-powered ceo forum named “satellites looking up” debating on the Asian satellite industry.
This will be an exciting and challenging day for the Asian satellite business,” said Simon Twiston Davies, CEO, Casbaa. “Yet again we turn to the experts to give us guidance on the why, when, how and ‘how much’ issues that face the Asia Pacific industry. This will be fun as well as informative.”
Casbaa has appointed Hong Kong-based specialist marketing agency Branded, to undertake the marketing of the event. Sponsors for the Casbaa Satellite Industry Forum 2004 include ILS, Loral Skynet, AsiaSat, Arianespace, Marsh, Boeing, PanAmSat, Worldsat and Measat. The official media partner for the event is TelecomAsia with other media partners including BroadcastPapers, Content & Technology, Satellite Finance and Satellite Evolution Asia, informs the official release.
Full details of the programme and registration procedures is available on the Casbaa website
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
