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BUZZ-Dish TV India hits nearly 4-month low after Q4 loss
May 25, 2017 / 4:14 AM / 7 months ago

BUZZ-Dish TV India hits nearly 4-month low after Q4 loss

** Shares of Dish TV India Ltd fall as much as 8.9 pct to 83 rupees, their lowest since Feb 1

** Co posts consolidated loss of 283.3 mln rupees ($4.39 mln) for March quarter, compared with profit of 4.83 bln rupees a year earlier

** Says subscription revenue down by 11.1 pct, mainly due to absence of major cricket event and subscribers downgrading their channel packages

** “Trail impact of demonetization in Q4 was expected,” analysts at Investec Securities write, adding: “Dish has underperformed its peers significantly in Q4”

** Stock on track for a sixth consecutive session of declines

$1 = 64.5575 Indian rupees

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