Reliance MediaWorks third quarter loss widens to Rs 57.04 crore

Reliance Anil Dhirubhai Ambani Group (ADAG) company Reliance MediaWorks on Tuesday reported a net loss of Rs 57.04 crore in the quarter ended December 31, 2010.

The company had a net loss of Rs 27.33 crore in the same period last year, Reliance MediaWorks said in a filing to the Bombay Stock Exchange (BSE).

Net sales of the films and entertainment services company rose to Rs 215.30 crore in the October-December quarter, from Rs 204.76 crore in the same period a year ago, it added.

Shares of the company went up 1.38 per cent in the morning trade on BSE to touch an early high of Rs 146.70.