MUMBAI: The carriage fee pinch continues to hurt broadcasters. Subhash Chandra-promoted cable company Wire and Wireless India Ltd (WWIL) has seen a 81 per cent boost in placement fees for the fiscal ended 31 March 2009, despite a slowdown that has hit the revenues of broadcasters.
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Income from bandwidth (placement and carriage fees) charges has grown to Rs 1.69 billion for FY ‘09, compared to Rs 937.3 a year ago. "Carriage comprises 55 per cent of our total revenues for the fiscal ended 31 March 2009," says a source in the company. For FY‘08, carriage fee accounted for 35 per cent of WWIL‘s income. WWIL has posted a consolidated net loss of Rs 311.98 million for the quarter ended 31 March 2009, as against a loss of Rs 814.40 million in the prior year period. However, during this period, the income from operations came down marginally to Rs 710.85 million, as compared to Rs 755.45 million a year ago. |
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Expenses reduced to Rs 784.94 million (from Rs 865.63 million) for the quarter under review. |
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For the full fiscal, WWIL‘s net loss reduced to Rs 941.63 million, as against Rs 1.53 billion in the previous fiscal. Income from the operations in the fiscal grew to Rs 3.08 billion, as compared to Rs 2.71 billion a year ago. Expenses decreased to Rs 3.38 billion from earlier year’s Rs 3.20 billion. |
