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Monday, January 22, 2007

Entertainment Network - Its Hot


ENIL - Listen To Sweet Sound Of Numbers

ENIL has come out with third quarter results. The company's Q3 net profit was up at Rs 12.4 crore (Rs 124 million) from Rs 4.93 crore (Rs 49.3 million) in the previous quarter.

Its net sales was up at Rs 46.7 crore (Rs 467 million) from Rs 42.4 crore (Rs 424 million). The OPM stood at 27.3% versus 23%. Radio Mirchi’s (brand name under which Entertainment Network operates its radio stations) turnover has increased by 31 per cent for the period.

The new stations, namely Bangalore, Hyderabad and Jaipur, recorded an EBITDA margin of 28.2 per cent for the quarter. The company plans to complete rollout of the remaining 22 stations by July 31, 2007.

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