Radio City AGM leaves shareholders impressed
Healthy rise in revenue in 2017-18, spot in top 10 in Great Places To Work survey discussed at meet
Music Broadcast Limited concluded its 19th Annual General Meeting last week and saw an encouraging response from stakeholders. The meet was addressed by board members and the senior management, who spoke about the company's performance for the fiscal year 2017-2018.
The meeting was chaired by Vijay Tandon, chairman; Apurva Purohit, director; Prashant Domadia, chief financial officer; Anuj Puri, independent director; Madhukar Kamath, independent director; Ashit Kukian, chief executive officer and Chirag Bagadia, company secretary. Also, present were Mahendra Mohan Gupta, chairman of the holding company, Jagran Prakashan, and Shailesh Gupta, director, Jagran Prakashan.
Tandon highlighted the company's revenue of Rs 298.24 cr in 2017-18, compared to Rs 271.42 cr in 2016-17, a growth of 10 per cent. Net profit increased by 41%, up Rs 51.72 cr against Rs 36.66 cr last year.
Music Broadcast Limited, Radio City's parent company, has a pan-India presence across 40 radio stations, including the recently acquired Friends 91.9 FM in Kolkata (subject to MIB approvals). With this acquisition, the company's reach/coverage increased from 62% to 72% of the FM population.
Tandon also highlighted that the company ranked eighth among 100 best organisations to work with in India, and the title of 'Best' in Media and Entertainment industry and Career Management category.
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