UTV Q3 net up by 29%

Ronnie Screwvala promoted UTV Software Communications has reported a net profit of Rs 378.22 million for the quarter ended December 31 2009, up 29 per cent as compared to Rs 293.84 million in the same quarter of the previous year.

According to the reports, the company's movies revenue saw a jump of 38 per cent for the quarter. Total revenue was Rs 2.21 billion compared to Rs 1.60 billion in the year-ago period.

Media reports also suggest that the company's expenses also rose 21.9 per cent to Rs 1.85 billion.