India's DEN Networks hits near 2-month high on Q1 profit

Den Networks

12/07/2019 06:00

** Shares of DEN Networks Ltd  DENN.NS  up as much as 7.3%
to 67.5 rupees, their highest since May 20
    ** Cable TV and broadband service provider posted
June-quarter profit of 112.3 mln rupees ($1.64 mln), compared to
loss of 307 mln rupees year ago  urn:newsml:reuters.com:*:nFWN24C0HB
    ** Total revenue jumped 15% 
    ** Last year, DEN reported exceptional item of 2.11 bln
rupees, leading to a loss 
    ** More than 763,446 shares traded by 0451 GMT, compared
with their 30-day moving avg of about 76,800 shares
    ** Up to last close, shares of DEN have fallen 10.5% this
year, while peer Hathway Cable and Datacom  HAWY.NS  down ~26%
in the same period

($1 = 68.5100 Indian rupees)

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))