HT Media net income jumps over two-fold

HT Media today reported over two-fold jump in consolidated net profit at Rs 66.22 crore for the quarter ended September 30, 2017, mainly on account of lower expenses.
The media firm had posted a net profit of Rs 30.93 crore during the same period previous fiscal, HT Media said in a regulatory filing.

The company's net sales during the quarter under review however decline 6.90 per cent to Rs 560.63 crore as against Rs 602.23 crore in the year-ago period.
Total expenses during the period stood at Rs 507.62 crore compared to Rs 606.67 crore in the July-September quarter of 2016-17.

Revenue from printing and publishing business was down at Rs 494.89 crore during the quarter as against Rs 525.95 crore in the year-ago period.

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