Next Mediaworks Ltd. announced that its board of directors at its meeting held on April 25, 2013, Ms. Vidya Shembekar, company secretary and compliance officer will be resigning from the company and Mr. Manoj Gujaran will be appointed as a company secretary and compliance officer of the company with effect from May 17, 2013.

Next Mediaworks Ltd. reported audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, on standalone basis, the company reported loss from operations before other income, finance cost and exceptional items of INR 7.7 million compared to INR 11.5 million last year. Loss from ordinary activities before tax was INR 9.8 million compared to INR 11.8 million last year. Net loss was INR 7.5 million or INR 0.14 per basic and diluted share before and after extra ordinary items compared to net loss of INR 4.1 million or INR 0.08 per basic and diluted share before and after extra ordinary items last year.  For the year, on standalone basis, the company reported net income from sales/services of INR 15.1 million compared to INR 0.1 million last year. Loss from operations before other income, finance cost and exceptional items of INR 17.2 million compared to INR 28.7 million last year. Loss from ordinary activities before tax was INR 12.8 million compared to INR 28.4 million last year. Net loss was INR 9.7 million or INR 0.19 per basic and diluted share before and after extra ordinary items compared to net loss of INR 20.6 million or INR 0.39 per basic and diluted share before and after extra ordinary items last year.  For the quarter, on consolidated basis, the company reported net income from sales/services of INR 130.4 million compared to INR 94.0 million last year. Profit from operations before other income, finance cost and exceptional items was INR 14.7 million compared to loss from operations before other income, finance cost and exceptional items of INR 81.6 million last year. Loss from ordinary activities before tax was INR 35.3 million compared to INR 98.8 million last year. Net loss was INR 25.5 million or INR 0.39 per basic and diluted share before and after extra ordinary items compared to net loss of INR 63.6 million or INR 0.38 per basic and diluted share before and after extra ordinary items last year.  For the year, on consolidated basis, the company reported net income from sales/services of INR 504.1 million compared to INR 435.0 million last year. Profit from operations before other income, finance cost and exceptional items was INR 22.1 million compared to loss from operations before other income, finance cost and exceptional items of INR 143.5 million last year. Loss from ordinary activities before tax was INR 48.5 million compared to INR 171.7 million last year. Net loss was INR 72.5 million or INR 1.02 per basic and diluted share before and after extra ordinary items compared to net loss of INR 150.7 million or INR 2.12 per basic and diluted share before and after extra ordinary items last year.

Next Mediaworks Ltd announced that they will report fiscal year 2013 results on Apr 25, 2013