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News |  03 Dec 2009 11:10 |  By ITV

Big FM Q1 revenue at Rs 460 million

MUMBAI: Reliance Media World, which will list on the bourses soon, has posted a consolidated gross revenue of Rs 460 million for the first quarter of this fiscal.

The net loss stands at Rs 270 million while the first-quarter operating loss is at around Rs 110 million.

The company, which is yet to announce its financials publicly, had posted a net loss of Rs 980 million on a turnover of Rs 2 billion in FY'09. Expenses for the full-fiscal stood at Rs 2.28 billion.

Reliance Media World, which houses Big FM, has 90 per cent of its revenues coming from the FM radio and below the line businesses. Click here to read more

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