IPL 6: Kings XI Punjab's financial performance improves

The company has not only managed to reduce its losses considerably, its revenue from IPL operations has also surged.

updated: May 01, 2013 18:01 IST
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Chandigarh: KPH Dream Cricket, the owner of IPL franchisee KingsXI Punjab, has narrowed down its losses sharply by 95 per cent to Rs 1.52 crore in 2011-12 financial year from a loss of Rs 35.26 crore in 2010-11.

The loss of Rs 35.26 crore for 2010-11 was the highest ever loss suffered by the company since the commencement of IPL in 2008, according to financial documents, including profit and loss account, of the company filed with Registrars of Companies here.

It reported net loss of Rs 11.03 crore and Rs 21.55 crore in financial year 2009-10 and 2008-09 respectively.

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