MUMBAI: IBN18 Broadcast has curtailed its standalone net loss to Rs 10 million for the quarter ended 31 December, from a net loss of Rs 109.63 million in the year-ago period.

The standalone results constitute the financials of English and Hindi news channels CNN IBN and IBN7.

Total income surged to Rs 720 million, up 24.14 per cent from the earlier year, on ad gains due to the festive season during the quarter.

Meanwhile, expenses were under check at Rs 640 million as compared to Rs 525.98 million in the corresponding quarter of the previous fiscal.  
     
IBN18 has reported operating profit of Rs 80 million for the quarter under review compared to an operating profit of Rs 60 million in the prior-year period.

IBN18‘s consolidated net profit stood at Rs 200 million. Total income was at Rs 2.36 billion, while expenditure stood at Rs 2.04 billion for the quarter. Operating profit was at Rs 320 million.

The consolidated results include financials of Viacom18, The Indian Film Company (50 per cent each) and IBN Lokmat.