Thiruvananthapuram, Oct 9
Kairali TV, backed by the Communist Party of India-Marxist (CPI-M), has declared a net profit of Rs.13.16 crore and has paid Rs.4 crore in taxes, a company official said here Tuesday.
Denying that the channel is in the red, Kairali TV's executive director T.R Ajayan said in a statement: "A section of the media is weaving out baseless stories that we are having a financial crunch."
"This is far from the truth as in the last fiscal we have declared a net profit of Rs.13.16 crore besides paid a tax of Rs.4 crore," Ajayan said.