reliance broadcast network l (RBN) Snapshot

Big Magic, the regional general entertainment channel for the core Hindi heartland of –UP, MP, Bihar and Jharkhand from the Reliance Broadcast Network Stable signed a distribution deal with Airtel Digital TV. Big Magic will now be available on Airtel Digital TV on channel no. 631 from May 29, 2013.

Reliance Broadcast Network Limited 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 net income from operations of INR 486.013 million compared to INR 649.401 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 82.532 million compared to loss from operations before other income, finance costs and exceptional items of INR 0.800 million a year ago. Profit from ordinary activities before tax was INR 28.249 million compared to loss from ordinary activities before tax of INR 30.377 million a year ago. Net profit for the period was INR 28.249 million or INR 0.36 per basic and diluted share after extraordinary items compared to loss for the period of INR 30.377 million or INR 0.38 per basic and diluted share after extraordinary items a year ago. For the full year, on standalone basis, the company reported net income from operations of INR 1,968.284 million compared to INR 2,572.583 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 35.365 million compared to loss from operations before other income, finance costs and exceptional items of INR 75.068 million a year ago. Loss from ordinary activities before tax was INR 235.135 million compared to INR 195.253 million a year ago. Net loss for the period was INR 235.135 million or INR 2.96 per basic and diluted share after extraordinary items compared to INR 195.253 million or INR 2.46 per basic and diluted share after extraordinary items a year ago. For the quarter, on consolidated basis, the company reported net income from operations of INR 611.467 million compared to INR 636.311 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 185.374 million compared to INR 255.474 million a year ago. Loss from ordinary activities before tax was INR 241.539 million compared to INR 306.929 million a year ago. Net loss for the period was INR 241.539 million or INR 3.04 per basic and diluted share after extraordinary items compared to INR 306.929 million or INR 3.86 per basic and diluted share after extraordinary items a year ago. For the full year, on consolidated basis, the company reported net income from operations of INR 2,192.146 million compared to INR 2,514.910 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 640.524 million compared to INR 1,024.338 million a year ago. Loss from ordinary activities before tax was INR 917.255 million compared to INR 1,130.137 million a year ago. Net loss for the period was INR 917.255 million or INR 11.55 per basic and diluted share after extraordinary items compared to INR 1,130.137 million or INR 14.22 per basic and diluted share after extraordinary items a year ago.

Reliance Broadcast Network Limited announced that they will report fiscal year 2013 results on May 11, 2013