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Wire and Wireless India Limited, the subsidiary of Zee Group has come up with its financial result for the recently passed third quarter of financial year 2011. Net operating revenue of company has been posted at Rs.744.4 million, which is Rs.22.2 million more than the same quarter in previous fiscal year.

The financial result of Q3 has indicated an year wise growth of 3.1%. Operating revenue is primarily generated from subscriber related income, income from bandwidth charges, income from advertisements and other operating revenues.

The Board of Directors of WWIL declared the unaudited results after a board meeting on January 25th.

Operating profit (EBITDA) for the quarter stood at Rs 43.7 million as compared to a loss of Rs 43.7 million during the corresponding quarter last fiscal. Total consolidated operating expenses stood at Rs 710.2 million for Q3 as against to Rs 793.6 million during the corresponding quarter last fiscal. Cost of goods and services was recorded at Rs 518.3 million during the quarter, representing 73 per cent of the of the total operating expenses in comparison to Rs 596.1 million in the corresponding quarter of the last fiscal, a 75.1 per cent share of the total operating cost.

In an official statement, Subhash Chandra, Chairman, Zee Group, stated, "WWIL continues to focus on its analogue business and is looking at every viable digitisation and growth opportunity. WWIL has effectively managed analogue and digital expansions by putting up digital head ends in new geographies. The initiatives taken by the company of implementing new systems and processes have started yielding results with continued positive EBIDTA during this quarter as well."

Commenting on the third quarter results, Sudhir Agarwal, CEO, WWIL, said, "Continuing the progress made in the three quarters of this fiscal, WWIL has consolidated its operation in existing geographies and continues to expand in newer markets. It has also strengthened its UGF network quarter on quarter. WWIL is providing more than 100+ channels to consumers at very competitive price, with the prime focus on region specific content and popular local channels. WWIL has recently re-launched SITI Digital Cable Television services in Hyderabad and offers superior picture and sound quality as compared to the conventional mediums."