Raj TV Q1 net jumps 71.66% to Rs 32.1 mn

MUMBAI: Raj Television Network, which operates 12 channels in five languages, has reported its net profit rose 71.66 per cent to Rs 32.1 million in the quarter ended 30 June from Rs 18.7 million a year earlier.

Sales of the Chennai-based television network rose 23.44 per cent in the first quarter to Rs 162.7 million in the quarter ended June 2012 from Rs 131.8 million a year earlier.

Raj?s expenses rose to Rs 120.13 million during the quarter from Rs 111.15 million due to an increase in cost of revenues to Rs 62.95 million from Rs 53.91 a year earlier.

Raj TV Network has five channels in its Tamil bouquet spanning across general entertainment, music and news. It has two channels each in Telugu, Malayalam and Kannada, mainly in the news and music genre. The network also has a Hindi channel, Raj Parivar.