Hum Network Limited Reports Unaudited Consolidated and Unconsolidated Earnings Results for the First Quarter Ended September 30, 2018
October 29, 2018 at 02:37 pm IST
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Hum Network Limited Reports unaudited consolidated and unconsolidated earnings results for the first quarter ended September 30, 2018. For the quarter, on unconsolidated basis reported revenue of PKR 1,094,520,391 against PKR 1,227,154,225 reported last year. Loss before taxation was PKR 136,147,693 against profit of PKR 307,935,007 reported last year. Net loss for the period of PKR 157,248,348 or PKR 0.17 per basic and diluted share compared to profit of PKR 287,393,661 or PKR 0.30 per basic and diluted share reported in the same period last year.
For the quarter, on consolidated basis reported revenue of PKR 1,254,253,361 against PKR 1,358,468,098 reported last year. Loss before taxation was PKR 125,958,164 against profit of PKR 330,926,734 reported last year. Net loss for the period of PKR 147,564,929 or PKR 0.16 per basic and diluted share compared to profit of PKR 310,276,680 or PKR 0.33 per basic and diluted share reported in the same period last year.
HUM Network Limited is a Pakistan-based global entertainment and news company. The Company's principal activities are to launch transnational satellite channels. Its core areas of operation are production, advertisement, entertainment and media marketing. The Company covers programs, such as information, entertainment, news, education, health, food, music and society. The Company's products include channels and magazines. Its brands include HUM TV, HUM News, HUM Films, HUM Masala, HUM Sitaray, HUM Pashto 1, Digital Media, Public Relation (PR) and Publication, and HUM Mart. Its HUM TV provides various content, such as dramas, soaps, and morning shows, among others. Its Hum Sitaray caters to the demand for both local and foreign content. This channel is positioned as a hybrid channel offering both narrative and format-based entertainment shows. Its HUM Masala offers viewers a blend of traditional and non-traditional magazine-style shows, cooking with chefs and live interactive shows.