Zee News catches viewer's eye; Q3 net up 61% at Rs 10 cr

Zee News Q3 net up 61% at Rs 10 cr
Essel group's flagship firm, Zee News Ltd reported a growth of 61.2 per cent in the net profits for the third quarter ended December 31, 2011 at Rs 9.97 crore.

The company had posted a net profit of Rs 6.18 crore during the same period a year ago, said the company in its filing to the Bombay Stock Exchange on January 17, 2012.

Meanwhile, revenues of the company grew by 5.1 per cent to Rs 78.27 crore during Q3 FY12, as compared to Rs 74.44 crore during Q3 FY11.

Commenting over the development, Subhash Chandra, chairman of Zee News said “My faith in the Indian economy for the long term remain intact. While there are as many impending views on slowdown, I remain cautiously optimistic in the short run that the situation is likely to improve in the next quarter".

Also, consolidated EBITDA of the company stood at Rs 19.27 million, with strong EBITDA margins of 24.6 per cent up from 18.1 per cent in last year.

On Thursday, at 12.10 pm IST the shares of the company were trading at Rs 11.37 down by 0.27 points or 2.32%.

Dion Global Solutions Ltd

Read more about: zee news, revenue, results
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