Raj Television – Short Term Target Rs230

The Company is proposing to start the New Channel on November 14, 2007.

 

The New Channel shall be a seven days per week news channel in Tamil language covering all types of general news, business news and other news both national and international.

The Company is hopeful that the market share of the Company shall be increased after the launch of the new channel.

 

 

Raj Television Network Limited has informed that the Board of Director of the Company in its meeting held on October 30, 2007 noted the followings: Sales for half year ended September 2007 is increased by 50.30 % over previous half year and for the present quarter is increased by 35.50 % over the previous period. Operating profit for half year ended September 2007 is up by 44 % over previous half year and for the present quarter is increased by 19 % over the previous period. PBT for half year ended September 2007 is increased by 45 % over previous half year and for the present quarter is increased by 14 % over the previous period. PAT for half year ended September 2007 is increased by 47 % over previous half year and for the present quarter is increased by 20 % over the previous period.

 

Raj Television Network Ltd – Utilisation of Funds

11/1/2007

Raj Television Network Limited has informed that "Against the total projected utilization of Rs 31.24 Crores upto September 30, 2007 from the IPO funds, an amount of Rs 18.66 Crores has been utilized towards Acquisition of contents and strengthening facilities, purchase of new equipment and up gradation of existing equipment, general corporate purpose and the balance proceeds from IPO after meeting the IPO expenses, pending utilization have been invested in Fixed Deposits with Banks".