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ZEE Q1 net up 42.6% at Rs 2,239 mn; advertising revenues up 18.5%

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ZEE Q1 net up 42.6% at Rs 2,239 mn; advertising revenues up 18.5%

Zee Entertainment Enterprises (ZEEL) has reported consolidated revenue of Rs 9,733 million for the first quarter of FY14. The consolidated operating profit for the quarter stood at Rs 2,915 million, recording a growth of 25 per cent over the corresponding period of the previous fiscal.

Profit after tax for Q1 FY14 was recorded at Rs 2,239 million, a growth of over 42.6 per cent over the corresponding period last year.

Advertising revenues for the quarter were Rs 5,301 million, recording a growth of 18.5 per cent over Q1 FY13. Subscription revenues were up 16.5 per cent at Rs 4,241 million for the quarter ended June 30, 2013.

Commenting on the company’s results, Subhash Chandra, Chairman, ZEE said, “Our performance during the quarter reflects the investments that ZEE is making to grow its business and market share. This has been accompanies by strong improvement in the operating performance of the company during the quarter.” 

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