Hathway Q1 standalone net loss at Rs 139.3 million

Hathway Q1 standalone net loss at Rs 139.3 million

MUMBAI: Hathway Cable & Datacom has posted a first-quarter standalone net loss of Rs 139.28 million on a turnover of Rs 998.27 million.

The multi-system operator‘s (MSO) payout to pay channels during the three-month period ended 30 June stood at Rs 279.14 million out of a total expense of Rs 856.96 million. 
 
Profit from operations (before other income, interest, depreciation and exceptional items) was at Rs 141.30 million, while depreciation/ amortisation/ impairment was at Rs 227.31 million.

On a consolidated basis, Hathway Cable & Datacom posted a revenue of Rs 1.89 billion. Ebitda stood at Rs 374 million for the quarter under review and profit before tax at Rs 16 million. 
 
Hathway is clearly conserving cash. The MSO disclosed that out of Rs 4.8 billion IPO money, it has utilised Rs 1.50 billion as on 30 June 2010.