Zee Entertainment Q1 net falls 43% to Rs91 cr

Zee Entertainment Q1 net falls 43% to Rs91 cr
Comment E-mail Print Share
First Published: Fri, Jul 17 2009. 12 31 AM IST
Updated: Fri, Jul 17 2009. 12 31 AM IST
Mumbai: Media firm Zee Entertainment Enterprises Ltd reported on Thursday a fall of 43% in its consolidated net profit for the first quarter ended 30 June to Rs91.32 crore over the corresponding period last fiscal.
Consolidated total income of the firm fell to Rs508.44 crore during the three months ended 30 June from Rs569.76 crore in the year-ago period.
On a stand-alone basis Zee Entertainment posted a net profit of Rs71.27 crore during the quarter under review, down 45.58% compared to Rs130.97 crore last year.
Separately, chairman Subhash Chandra said Zee Entertainment is keen to exercise the call option to raise its stake in Taj TV, which owns Ten Sports, but is yet to receive the board’s approval.
Comment E-mail Print Share
First Published: Fri, Jul 17 2009. 12 31 AM IST