NDTV Q4 revenue up 27.5% at Rs 676 million

MUMBAI:NDTV has posted a 27.5 per cent rise in revenues to Rs 676 million for the last quarter ended 31 March 2007, up from Rs 530.3 million a year ago.

EBIDTA (earnings before interest, depreciation, tax and amortization) stood at Rs 110 million as against Rs 65.1 million during the same period, representing a 69 per cent year-on-year growth.

Operating profits have more than doubled at Rs 54.7 million, up from Rs 25 million.

The consolidated results are not comparable to last year as they include costs incurred in setting up new businesses in NDTV Network PLC, the company said in a statement.

The NDTV board has also recommended a dividend of 20 per cent of the face value of shares (Rs 4), or Re 0.80 per share.

The company has taken up several new initiatives. NDTV Imagine has been incorporated to spearhead the group?s foray into mass entertainment. Starting with general entertainment, the company will expand into movies, regional youth and kids programming.

"The initial global portfolio of television channel includes the highly successful Astro Awani in Indonesia, a soon to be launched channel in Malaysia and another in the Middle East. Other Asian and African countries will follow," the release added.