2 Nov 2016

India media is doing well

The media sector holdings in the Himalayan Fund portfolio are doing well; Shemaroo Entertainment reported revenue ahead by 21.4% and profits by 35.5%. TV18 reported revenue ahead by 22% but recorded a small loss due to costs arising from new channel launches and integration of two acquisitions: Prism TV and Viacom 18. Bajaj Auto reported sales ahead by just 0.4% as exports in key markets came under pressure but profits advanced by 6.7% as domestic market share gains boosted margins.

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