IBN18 Broadcast reports a loss of Rs 19.23 crore in Q1

IBN18 Broadcast has announced its financial results for the quarter ended June 30, 2010.

The company has reported a loss of Rs 19.23 crore for the quarter ended June 30, 2010 as compared to a net profit of Rs 17.44 crore for the quarter ended June 30, 2009.

Its revenue has declined by 8.06% from Rs 56.55 crore for the quarter ended June 30, 2009 to Rs 51.99 crore for the quarter ended June 30, 2010.

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