Top Story

e4m_logo.png

Home >> Media - TV >> Article

Zee Entertainment Q2 net falls 38 pc at Rs 111 cr; Zee News Q2 net up 14.7 pc

24-October-2009
Font Size   16
Zee Entertainment Q2 net falls 38 pc at Rs 111 cr; Zee News Q2 net up 14.7 pc

Zee Entertainment Enterprises Ltd (ZEEL) has reported a 38 per cent drop in its consolidated net profit for the second quarter ended September 30, 2009. As against a net profit of Rs 178.15 crore in Q2 FY09, ZEEL’s net profit stood at Rs 110.95 crore in Q2 FY10.

The total income for the second quarter also dropped to Rs 569.62 crore from Rs 599.62 in the corresponding quarter of the previous fiscal.

Meanwhile, ZEEL informed the Bombay Stock Exchange that the Board of Directors of the company at its meeting held on October 23, 2009, inter alia, had granted its in-principle approval for acquisition of the regional general entertainment channel business of Zee News Ltd (comprising six television channels – viz. Zee Marathi, Zee Talkies, Zee Bangla, Zee Telugu, Zee Kannada and Zee Cinemalu) under a Scheme of Arrangement, subject to appropriate statutory and regulatory approvals. The Board would meet again in due course, inter-alia to consider the terms of the Scheme of Arrangement, including but not limited to, the share swap ratio, the appointed date, etc.

Zee News Ltd has reported a 14.68 per cent increase in its consolidated net profit for Q2 FY10 at Rs 13.14 crore, as against Rs 11.46 crore in the corresponding quarter of the previous fiscal.

Zee News’ total income was also up 26.4 per cent at Rs 161 crore, while expenses stood at Rs 138 crore.

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

In an exclusive data shared with e4m, Pan Masala/Zarda/Gutkha had the highest jump of 185 per cent in terms of ad volumes in the first 14 matches

Bose, who has a career spanning over two decades, was DNA’s Editor-in-Chief. He has previously been associated with the India Today Group

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compe...