Kerala: CPM-backed Kairali TV making profits

Thiruvananthapuram: Kairali TV, backed by the Communist Party of India-Marxist (CPM), has declared a net profit of Rs 13.16 crore and has paid Rs 4 crore in taxes, a company official said here on 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.

Kairali TV, backed by the Communist Party of India-Marxist (CPM), has declared a net profit of Rs 13.16 crore.

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