Top Story


Home >> International >> Article

Zee reports sharp fall of 25% in net profit

Font Size   16
Zee reports sharp fall of 25% in net profit

Zee Network, has reported a sharp fall of 25 per cent in net profit to Rs 47.4 crore for the third quarter ended December 2000, against a profit of Rs 64 crore in the corresponding period of previous year. There has been a fall in net earnings despite an increase of 9 per cent in its total income to Rs 265 crore (Rs 242 crore), indicating erosion in its profit margins.

Expenditure on new initiatives and higher cost of competition during the period also impacted the growth in its profits. The drop in net profit is also due to substantial increase in its interest burden to Rs 11.18 crore (Rs 2.34 crore) during the quarter.

With Q3 results, the aggregate net profit of Zee Network for the nine months increased marginally by four per cent to Rs 144 crore (Rs 138 crore). Gross income rose 24 per cent to Rs 717 crore (Rs 576 crore). Of the total income, other income was a huge at Rs 38 crore (Rs 9.9 crore). Interest charges on borrowings shot up by nearly four-fold to Rs 36 crore (Rs 9.7 crore).

Zee Telefilms, recorded a rise in net profit by 29 per cent to Rs 32.14 crore (Rs 24.86 crore) for the third quarter (Oct-Dec) of 2000-01. Total income grew 25 per cent to Rs 113 crore (Rs 90 crore).

The combined net profit for nine months spurted 47 per cent to Rs 91 crore (Rs 62 crore) and gross income was up 37 per cent to Rs 299 crore (Rs 219 crore).

The last quarter of saw Zee TV take a major hit both in terms of loss of advertising revenue as well as audience perception with the collapse and withdrawal of the much-advertised game show 'Sawal Dus Crore Ka'.


Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Conceptualised and executed by WATConsult, the campaign focuses on how Lotus Make-up is an enabler for women from various walks of life

iProspect released the third annual 2018 Future Focus Whitepaper geared to examine how machines and technology will impact marketing and advertising in the year ahead

Mavcomm Consulting one of India’s leading Public Relations, Reputation Management& Brand Communications company today announced elevation of Pranjal Dutta to the role of CEO