TV18 Broadcast comany announced the results of the fourth quarter of the last financial year (2021-22) on Tuesday, 3 May. The company has said that in the fourth quarter ended 31 March, total net profit declined by 13.4 percent year-on-year to Rs 146.3 crore.
News and entertainment division earned a lot
The company said that during this period there jump of 11% in revenue and a total of Rs 1,496.2 crore was earned. The news and entertainment division played the most important role in increasing the revenue. Both these sections recorded strong growth of 10 and 11% respectively. Despite increased revenue in the fourth quarter, net profit declined due to excessive spending.