MUMBAI: Agra-based multi-system operator Sea TV Network has posted a net profit of Rs 4.4 million for the quarter ended 31 December.

The MSO, which was listed on the BSE on 14 October 2010, has reported an income of Rs 21.08 million from operations, while other operating income was Rs 7.22 million.
 
Total expense was Rs 19.99 million out of which the payout to pay channels stood at Rs 10.09 million.

Profit from operations (before other income, interest, depreciation and exceptional items) was at Rs 8.31 million.

The MSO disclosed that out of Rs 502 million IPO money, it has utilised Rs 191.28 million as on 31 December. 
 
The shares of Sea TV closed at Rs 26.40 (4.69 per cent lower) after the intraday high of 28.25 and a low of 26.35.
Incidentally, the shares of Sea TV had listed at Rs 100 on the BSE.