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The Shri Adhikari Brothers board is meeting on Monday to discuss the third quarter results of the current fiscal.
Another media company that is yet to announce its Q3 results, ETC Networks, will also convene a board meeting on 31 January before going public with its figures. ETC Networks that runs two channels, etc and etc Punjabi, claims to be available to 25 million cable and satellite households. The company claims that besides a strong presence in Delhi, Punjab, Haryana and Himachal Pradesh, the Punjabi channel has also penetrated several other cities in the country.
ETC‘s profits in the second quarter of 2001 had slipped to Rs 3.8 million from Rs 13.3 million in the same period last year. Its half yearly profits stood at Rs 14.8 million.
Shri Adhikari Brothers has not fared much better in the last quarter either. It posted profits of Rs 7.4 million as against profits of Rs 50.8 million in the same period in 2000. Its half yearly profits as on 30 September 2001 stood at Rs 38.4 million.
