MUMBAI: Big FM, the FM radio brand of Reliance Broadcast Network (RBNL), has reported an amost 100 per cent jump in its operating profit (Ebit) for the three-month period ended 31 December 2011.
This is for the fourth straight quarter, when the radio segment has posted an operating profit, even if all other businesses of RBNL are bleeding.
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The radio broadcasting business’ Ebit stood at Rs 44.15 million for the quarter under review, up from Rs 22.12 million in the corresponding quarter of the earlier year. In the trailing quarter, the operating profit, however, was higher at Rs 120.33 million.
Big FM’s revenue stayed flat at Rs 480.69 million compared to Rs 483.89 million in the corresponding quarter of the previous fiscal. In the trailing quarter, it was Rs 571.01 million.
Total capital deployed on the radio broadcasting segment stood at Rs 2.41 billion as of 31 December 2011.
RBNL CEO Tarun Katial said, “Our radio businesses will gain from industry reforms like Phase III of radio which will increase reach and addressability, while improving margins. We look forward to innovate and deliver exciting content across all our platforms to both consumers and advertisers alike.”
