Diligent Media Reports Loss in Q1, Appoints New CEO and Senior Management
Diligent Media Corporation Limited reported a net loss of Rs 188.60 lakhs for Q1 ended June 30, compared to a profit of Rs 245.26 lakhs last year. Revenue from operations declined to Rs 78.67 lakhs from Rs 296.30 lakhs. The company appointed Mr. Chitresh Sehgal as CEO and elevated two senior managers. Despite financial challenges, management cites adequate liquidity and focuses on expanding digital media operations.