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NETWORK18 — Network18 Media & Investments News Story

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India's Network18 Media & Investments falls after posting quarterly loss

BUZZ-India's Network18 Media & Investments falls after posting quarterly loss

** Shares of Network18 Media & Investments NEFI.NS fall 3.3% to 30.70 rupees

** Media co posted consol net loss of 387.1 mln rupees ($4 mln) in Q1 vs profit of 1.48 bln rupees a year ago

** Revenue rises 10.3% Y/Y to 5.16 bln rupees

** Co said other operating costs grew moderately and EBITDA remained flattish mainly due to the impact of increase in employee costs

** YTD, NEFI down ~29%


($1 = 96.3325 Indian rupees)


(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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