GMR Infra Q3 loss widens to ₹1,119 crore, Covid-hit year clips its revenues
February 12, 2021 GMR Infrastructure has posted a multifold increase in loss of ₹1,119 crore for the third quarter ended December 31, 2020 as against a loss of ₹279 crore for the corresponding quarter of the last year on a consolidated basis.
The diversified infrastructure company also took a hit in the Covid pandemic affected year with its revenues for the third quarter coming down to ₹1,481 crore (₹2,196 crore).
The company posted a loss of ₹2,702 crore for the nine months ended December 2020 as against a loss of ₹1,071 crore in the comparable previous quarter revenue was also down at ₹3,909 crore (₹6,207 crore).
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Offer ) for cash up to $22.5 million (the
Maximum Tender Amount ) in aggregate accreted value of its 8.500% Senior Secured Notes due 2024 (the
2024 Notes ) at a purchase price equal to 80% of the accreted value of the 2024 Notes to be repurchased, plus accrued and unpaid interest as set forth in the indenture for the 2024 Notes, to, but excluding, the settlement date, on the terms and subject to the conditions set forth in the Offer to Purchase, dated February 10, 2021 (the
Offer to Purchase ). The Offer is being made to satisfy the requirements of the indenture for the 2024 Notes.
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Beasley Revenue Falls, Income Rises In Fourth Quarter
February 10, 2021 at 5:39 AM (PT)
Q4 Results
BEASLEY BROADCAST GROUP fourth quarter 2020 revenue fell 5% year-to-year to $68.5 million, blamed on pandemic-related advertising decreases, but net income rose 234% to $11 million (38 cents/diluted share), with income including a $4.4 million gain on dispositions, $3.6 million in other operating income and $2.2 million of non-cash impairment losses in 2020 and a $17.1 million gain on dispositions and $13.7 million of non-cash impairment losses in fourth quarter 2019.
CEO CAROLINE BEASLEY said, “BEASLEY’s 2020 fourth quarter financial results reflect the ongoing recovery of our business and solid execution by our teams in generating sequential quarter-over-quarter revenue growth that exceeded the high-end of the preliminary range we announced in JANUARY.