MUMBAI: IBN Lokmat continues to be in losses even as it is close to completing three years.

A joint venture between IBN18 and Lokmat Group, the Marathi news channel has posted a net loss of Rs 30 million for the three-month period ended December 2010. IBN Lokmat had reported a net loss of Rs 40 million in the year-ago period and Rs 60 million in the trailing quarter.

Revenue has gone up to Rs 50 million, up from Rs 40 million in the year-ago period, as it coincided with the festive season. In the trailing quarter, the company reported a revenue of Rs 30 million.  
     
IBN Lokmat has not been able to limit quarter expenses, which are at Rs 70 million in the quarter. The figure was same in the year-ago period as well as in the trailing quarter.

The channel, however, reduced its Ebitda loss to Rs 20 million from Rs 30 million in the corresponding quarter of previous fiscal and Rs 40 million in the trailing quarter.

IBN Lokmat was launched in March 2008 and faces tough competition from both Zee 24 Taas and Star Majha.