Film and entertainment firm Reliance MediaWorks today said its net loss for the fourth quarter ended March 31,2012 has narrowed down to Rs 126.24 crore,compared to the same quarter last year.
During the three-months ended March 31,2011,the company’s net loss was at Rs 173.47 crore,it said in a filing to the BSE.
Reliance MediaWorks’ net sales for the quarter under review increased 26.30 per cent to Rs 171.54 crore,against Rs 135.81 crore in the fourth quarter of 2010-11 fiscal.
For the year ended March 31,2012,the company’s net loss widened to Rs 518.02 crore,compared to Rs 328.86 crore in 2010-11.
Its net sales for 2011-12 increased 2.21 per cent to Rs 798.78 crore,against Rs 781.46 crore in 2010-11,the filing said.
The firm’s scrip closed at Rs 60.80 per share,down 2.17 per cent from the previous close on the BSE.