Mumbai, 10th July: Infomedia 18, a Television Eighteen subsidiary, has announced results for the quarter ending 30th June 2009. Revenues were Rs. 211 million (US$4.4 million), a decrease of 12% compared to the same period of 2008. The company also recorded a net loss of Rs. 107 million (US$2.2 million), compared to a net loss of Rs. 846 million (US$17 million) last year.
Infomedia18’s key business units are business publishing and printing services. Revenues generated from printing service dropped by 12% to Rs. 107 million (US$2.2 million). Revenues generated from the company’s publishing services business were Rs. 88 million (US$1.8 million) – a decrease of 25% compared with the year before.
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