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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]
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