HT Media Q3 profit slides 69% to Rs 43 crore

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: HT Media on Wednesday reported a 68.7 per cent decline in consolidated net profit at Rs 43 crore for quarter ended December 2018
The company had posted a consolidated net profit of Rs 136.96 crore for October-December of 2017-18
Its total income stood at Rs 664.89 crore, lower than Rs 681.7 crore in same period a year ago, firm said in a BSE filing
HT Media's total expenses grew to Rs 637.8 crore in third quarter of this financial year, against Rs 533.21 crore reported in
corresponding period a year ago
The stock closed 1.05 per cent down at Rs 47.20 on BSE on Wednesday.