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Zee Learn Surges 10 Per cent After Net Profits Rise


Zee Learn saw its share price rally a huge 10 per cent, after its net profits surged catching investors by surprise.


Shares in Zee Learn were last trading at Rs 31 on the National Stock Exchange.

Zee Learn Surges 10 Per cent After Net Profits Rise
The net profits at the company surged to Rs 8.01 crores for the quarter ending June 30, 2016, as against Rs 3.95 crores, in the corresponding period of last year.

"Our results for the quarter reflect solid progress, inspite of the difficulties in the economy," Umesh Pradhan, Chief Financial Officer, Zee Learn said.

"We continue to drive productivity and improve various operating levers even as we invest in growth of people, brands, processes and IP creation. During the quarter, we maintained strong cash flow generation with an increase in operating margins and launch of next gen businesses.

We continue to transform Zee learn into a company that is focused on creating and building strong brands, enhancing customer value and expanding our educational system."

Read more about: zee
Story first published: Friday, July 8, 2016, 12:57 [IST]
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