Breaking News

Hum Network Turns Up a Loss After 14 Years

Murmur Network Limited, one of the beneficial media gatherings of Pakistan, has seen a testing time, recording misfortunes of Rs. 257 million before the finish of the primary portion of the budgetary year 2018-19.

Murmur Network's incomes from ad and creation dropped altogether in the time of July to December 2018 contrasted with the comparing time of a year ago. Though the costs under the expense of re-appropriated, in-house programming and different heads flooded in the principal half of 2018-19 contrasted and the past budgetary year.

The Network with its significant tasks this year made tremendous costs and speculations, changing it into a misfortune making an element from a beneficial organization.

In 2018, Hum Network propelled a news outlet Hum News in Pakistan and UK. It commenced a web-based business organization, Hum Mart. The costs of these anticipated conveyed forward in the principal half of FY19.

The gathering likewise discharged a motion picture "Parwaaz Hai Junoon" under the pennant of Hum Films. Murmur Network Limited additionally sorted out its acclaimed occasions in the principal half of FY 19, for example, Hum Style Awards, Masala Family Festival and Bridal Courter Week.

This was the first run through the Network scored misfortunes on its monetary record for two straight quarters since its dispatch in 2005. The Network, with its sound money related support of backers and nature of substance, pulled in attractive business from publicists and patrons which put the gathering out and about of benefit with predictable development till the last budgetary year.

The Network crossed Rs. 1 billion benefits in the money related the year 2016-17, which was the most noteworthy ever main concern of the organization. The organization is recorded at Pakistan Stock Exchange (PSX). It comprises of six backups including Hum TV, Hum Network UK, Hum TV FZ LLC, HUMM Co, Skyline Publications (Newsline) and Hum Mart.


In general, the income diminished to Rs. 2.08 billion in 1HFY19 from Rs. 2.43 billion detailed in FY18. The Network's general expense of creation and transmission expanded to Rs. 1.88 billion in 1HFY19 from Rs. 1.475 billion of 1HFY18. The appropriation cost likewise expanded to Rs. 174 million from Rs 146 million amid the time of correlation.

Profit per share diminished to Rs. - 0.27 from Rs. 0.57.

Right now, Pakistan's economy is experiencing a testing stage. The media business of the nation is experiencing an intense time with monstrous cutbacks and cost-cutting by the outlets. Be that as it may, Hum Network proceeded with its development designs in the nation with various news sources and distinctive activities.

Comment by Hum Group:

In Pakistan, some monetary parameters are declining while others remain to some degree dormant. The circumstance is troubling as moderate monetary development and expanding financial lopsidedness is keeping the promoters to advance their items and administrations on all open advertisement stages along these lines we don't anticipate a noteworthy increment in promotion income.

Regardless of these questionable monetary conditions, we did our best to keep up our position. The financial conditions may have affected our incomes however not our watchers.

The system keeps on putting resources into solid substance and occasions. We are certain that our business will flourish with the improvement of geopolitical and monetary states of Pakistan.

No comments