MUMBAI: TV 18, that runs business channel CNBC India has declared revenues of Rs 151.9 mn for the quarter ended December 2003, up 55 per cent from the same period last year. Operating profit has been pegged at Rs 73.7 mn, and the operating margin has improved to 48 per cent, says the company. TV 18 has declared a quarterly EPS of Rs 3.68. Net profit has gone up 185 per cent to Rs 53.3 million.

The company's news operations have yielded revenues of Rs 144.43 million, as against revenues of Rs 93.63 million for the same period last year. The company has however pointed out that this is the second quarter for which results are being published after the joint venture with CNBC was restructured, and consequently, figures this quarter are not comparable with the previous year quarter. Q2 2004 shows a revenue of Rs 106.31 million from news operations.

The company's entertainment operations have also grown from Rs 0.71 million in the last quarter to Rs 4.07 million this quarter.