Zee Entertainment Q1 Net Jumps 22 Per cent At Rs 217 Crore

Zee Entertainment Enterprises Ltd (ZEEL) has reported a 21.8 per cent increase in consolidated net profit at Rs 216.96 crore for the quarter ended June 30, 2016.

The company had posted a consolidated net profit of Rs 178.18 crore in the same period of previous fiscal, the company said in a filing to the Bombay Stock Exchange.

Zee Entertainment Q1 Net Jumps 22 Per cent At Rs 217 Crore
Zee Entertainment Enterprises: Quotes, News
BSE 544.70BSE Quote3.8 (0.70%)
NSE 549.70NSE Quote1.7 (0.31%)

Total income from operations stood at Rs 1,571.62 crore in the April-June quarter of this fiscal, up 18.46 per cent, compared to Rs 1,326.68 crore during the same period of 2015-16, ZEEL said in a filing to the BSE.

Its advertising revenues for the quarter were Rs 912 crore, up 19.2 per cent while its subscription revenues stood at Rs 528.2 crore, recording a growth of 14.2 per cent over the first quarter of previous fiscal.

Commenting on the results of the Company, Subhash Chandra, Chairman, ZEEL, said, "As for the performance of the company, the financial results once again highlight the strong underlying fundamentals of the company. The advertising and subscription revenues continue to drive the company's growth. Taking a long term view of the business trends we are committed to become a global content company and will make suitable investments to achieve that objective.

Meanwhile, shares of the company were trading at Rs 481.40 apiece, up 1.44 per cent from the previous close at 11:40 hours on BSE.

Story first published: Wednesday, July 27, 2016, 12:40 [IST]
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