Earnings: Zee News Net Profit Up 27.8% On Strong Advertising Growth

Barun Das

Zee News Ltd today said net profit for the quarter ended 30 June grew 27.8% year-on-year to Rs11.91 crore on strong advertising growth. Advertising revenue grew 22.7% from the year ago period to Rs109 crore. Compared with the quarter ended 31 March, net profit grew 35.9%. While total revenues grew 22%, total expenditure grew 18%. Subscription revenue grew 25.2% y-o-y to Rs26.5 crore.

“A fast digitizing country has led to an upside on the subscription revenues and going forward, we see exponential growth from this revenue stream as well,” chairman Subhash Chandra said in a statement.

Earnings. Release.

1Q 2010 1Q 2009
EPS Rs0.50 Rs0.39
Net Income Rs11.91 crore Rs9.30 crore
Revenue Rs137.41 crore Rs112.74 crore

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