New Delhi, Jan. 28 -- HT Media Ltd, the publisher of Mint and Hindustan Times newspapers, on Wednesday reported widening of its consolidated net loss to Rs.23.70 crore for the December quarter on account of provisions related to the implementation of the new labour codes. It had incurred a loss of Rs.3.24 crore for October-December of the previous fiscal year.
According to a regulatory filing, HT Media reported an exceptional item (net loss) totalling Rs.40.35 crore in the December quarter. This includes the incremental impact of Rs.39.91 crore from the changes in the implementation of new labour codes.
The company has reported a profit before exceptional items and tax, which is up over two-fold to Rs.13.33 crore. This was at Rs.6.39 cr...
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