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MUMBAI: Zee’s direct-to-home (DTH) company Dish TV has posted a net loss of Rs 1.25 billion for the first quarter ended 30 June 2008, as against a net loss of Rs 897.6 million in the corresponding quarter last fiscal.
During the period, the company’s gross revenue stood at Rs 1.64 billion, a jump of 21 per cent from Rs 893.4 million in the quarter ago period.
In the first quarter, the service provider's subscription revenue has surged 20 per cent as it has added 4,00,001 new subscribers. Gross subscriber base stands at 3.4 million while net subscriber base stands at 2.9 million as on 30 June, 2008.
DTH revenue fetched Rs 1.55 billion while teleport services earned Rs 32 million. [COLOR=blue! important][COLOR=blue! important]Trading[/COLOR][/COLOR] contributed Rs 61 million in the first quarter of FY ‘09.
Dish TV’s expenditure has increased from Rs 1.71 billion to Rs 2.75 billion year-on-year. Cost of goods and services was at Rs 1.36 billion, which in the quarter ago period of the previous fiscal stood at Rs 1.11 billion. Dish TV has spent Rs 261 million on advertisement while selling and distribution expense was Rs 387 million.
Zee Group chairman Subhash Chandra said, “Dish TV has delivered a robust performance in terms of revenue growth and market share driven by constant innovation and world-class services. We believe in foreseeing the future and have set a new benchmark in the DTH category by launching the much awaited, Box free offer. Going forward, the company will continue with a strategy that focuses both on subscriber growth and revenue enhancement. This is reflecting in a healthy 20 per cent increase in subscription revenue. The revenue enhancement has come from multiple sources, new adoptions and higher rate of renewals as well as bandwidth charges that has now built into a steady stream.”
The content width offers 205 channels with the quarter adding up channels like News X, 9X, NDTV Imagine, India News and CNEB.
Dish TV continues to be a market leader with a 56 per cent share in the three-player scenario, with sales and distribution infrastructure of over 575 distributors and 38,000 dealers across 4500 towns. In the quarter, gaming services launched and will become pay after sometime.
Indiantelevision.com's > Digital Edge > Dish TV Q1 net loss at Rs 1.25 billion
During the period, the company’s gross revenue stood at Rs 1.64 billion, a jump of 21 per cent from Rs 893.4 million in the quarter ago period.
In the first quarter, the service provider's subscription revenue has surged 20 per cent as it has added 4,00,001 new subscribers. Gross subscriber base stands at 3.4 million while net subscriber base stands at 2.9 million as on 30 June, 2008.
DTH revenue fetched Rs 1.55 billion while teleport services earned Rs 32 million. [COLOR=blue! important][COLOR=blue! important]Trading[/COLOR][/COLOR] contributed Rs 61 million in the first quarter of FY ‘09.
Dish TV’s expenditure has increased from Rs 1.71 billion to Rs 2.75 billion year-on-year. Cost of goods and services was at Rs 1.36 billion, which in the quarter ago period of the previous fiscal stood at Rs 1.11 billion. Dish TV has spent Rs 261 million on advertisement while selling and distribution expense was Rs 387 million.
Zee Group chairman Subhash Chandra said, “Dish TV has delivered a robust performance in terms of revenue growth and market share driven by constant innovation and world-class services. We believe in foreseeing the future and have set a new benchmark in the DTH category by launching the much awaited, Box free offer. Going forward, the company will continue with a strategy that focuses both on subscriber growth and revenue enhancement. This is reflecting in a healthy 20 per cent increase in subscription revenue. The revenue enhancement has come from multiple sources, new adoptions and higher rate of renewals as well as bandwidth charges that has now built into a steady stream.”
The content width offers 205 channels with the quarter adding up channels like News X, 9X, NDTV Imagine, India News and CNEB.
Dish TV continues to be a market leader with a 56 per cent share in the three-player scenario, with sales and distribution infrastructure of over 575 distributors and 38,000 dealers across 4500 towns. In the quarter, gaming services launched and will become pay after sometime.
Indiantelevision.com's > Digital Edge > Dish TV Q1 net loss at Rs 1.25 billion
