Zee Entertainment net profit rises 17.5%

Zee Entertainment Enterprises Ltd said its second-quarter profit rose 17.5% to Rs187.69 crore from a year earlier. Total income rose 33.8% in the three months ended 30 September to Rs953.50 crore.

"General business sentiments are expected to turn positive following a slew of reforms announced by the government, including fuel price reforms, relaxing FDI (foreign direct investment) norms in retail, aviation and broadcasting, revival of disinvestment process," said Subhash Chandra, chairman of Zee Entertainment in a press release

"The move to increase foreign direct investment limits in the television distribution space will allow increased access to capital for roll out of digitization."

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