Bharti Reports a Net Loss of Rs 112 cr in 2001-02

Bharti Televenture announced a loss of Rs 112.69 crore during 2001-02 compared to Rs 120.80 crore in the previous financial year. However, the company registered a cash profit of Rs 294.82 crore compared to Rs 97.14 crore during this period. According to the company release, "The net loss has been arrived at after charging off non-recurring items like pre-operative expenses of new projects and minority interest in respect of stakes subsequently acquired by the company amounting in the aggregate to Rs. 116 crores. The company recorded a total customer base of 1.6 million with a growth of 127%.