Dish TV Posts Huge Loss Hurt By Competition, Higher Costs

Dish TV, Zee’s demerged direct-to-home (DTH) company, posted a huge first-quarter loss, despite adding substantial subscribers, as competition intensified and operating costs surged. [via] Net loss stood at Rs 897.64 million for the quarter. The company’s operating revenues were just Rs 892.86 million while expenditure hit the Rs 1.38 billion mark. Dish TV’s main expenses are towards content, selling and distribution, employees and administrative. Operating loss was Rs 488 million largely due to growth invesments, the company said. Revenue rose 35 percent to Rs 893.37 million as Dish TV added 180000 new subscribers during the quarter ended 30 June 2007.