Mumbai: Subhash Chandra promoted firm Zee News today said, its consolidated net profit for the fourth quarter ended 31 March, has dipped by 42.67% to Rs8.76 crore.
The company had a net profit of Rs15.28 crore in the same quarter ended 31 March 2008, Zee News said in a filing to the BSE.
“It has been a unique year for the television broadcasting industry. While there has been some slowdown in the print media segment and also in a section of the television broadcasting segment catering to the Hindi mass markets, we are happy to see that the news and regional segments have not been affected as much,” Zee News chairman Subhash Chandra said.
Total income of the company rose to Rs138.44 crore during the quarter under review, as against Rs113.07 crore in the same quarter last fiscal.
For the year ended 31 March, the company has posted a consolidated net profit of Rs44.66 crore, up 20.47% from Rs37.07 crore in the same period previous fiscal.
Shares of Zee News were trading at Rs38.15, up 4.38% on the BSE