Zee Entertainment Q1 profit rises 21% to Rs218 crore - News Summed Up

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Zee Entertainment Q1 profit rises 21% to Rs218 crore


Zee Entertainment Enterprises shares ended little changed on BSE at Rs.474.55 on a day the benchmark Sensex fell 0.42% to 27,976.52 points. Net profit rose to Rs.218.1 crore from Rs.179.6 crore in the year-ago period. Advertisement revenue rose 19.2% to Rs.912 crore, and that from subscriptions increased 14.2% to Rs.528.2 crore. The profit was earned on an 18.5% rise in revenue to Rs.1,571.6 crore from Rs.1,326.7 crore a year ago. ALSO READ | Zee Entertainment: riding high on advertising revenue growthManaging director and chief executive officer Punit Goenka said the firm is making investments that would boost growth.


Source: Mint July 26, 2016 19:40 UTC



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