India's Den Networks falls on quarterly profit drop

About this update from Den Networks Limited

** Shares of Den Networks NSE:DEN fall 4.5% to 32.87 rupees** Cable TV distributor's Q2 consol net profit falls 32.4% Y/Y to 351.6 mln rupees ($3.96 mln)** Q2 consol revenue down 3.1% Y/Y to 2.41 bln rupees** Q2 EBIDTA margin drops to 8% from 11% year ago** Trading vols over 2x the 30-day average at 1.1 mln shares so far** DENN down ~25% YTD($1 = 88.7820 Indian rupees)

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