For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Zee News turns profitable; posts Rs 7 cr profit in Q4

By Religare
|

India's leading news network, Zee News Ltd. has posted net profit of Rs 6.9 crore for the quarter ended March 31, 2013, as against the net loss of nearly Rs 4 crore incurred in the year-ago period.

However, total income from operations dropped by 8.4 per cent to Rs 79.07 crore during January-March quarter 2013, from Rs 86.3 crore earned in the corresponding quarter previous financial year, the company said in a filing to the Bombay Stock Exchange.

 

Besides, Board of Directors of Zee News has approved in-principle combination of 'News Publication Business' of Diligent Media Corporation Limited - a Promoter Group entity engaged in printing and publication of English Daily 'DNA' and the 'News Broadcasting Business' of the company.

Meanwhile, shares of the company were trading at Rs 14.95 a piece, down 8 per cent as against previous close on BSE at 13:31 hours.

Read more about: zee news
Story first published: Friday, May 24, 2013, 23:45 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more