Zee News net up at Rs 1.13 cr

BS 200 SCORECARD

Media and entertainment company Zee News today reported a net profit of Rs 1.13 crore for the fourth quarter ended March 31, 2007. The company recorded revenues of Rs 69.03 crore, up 47 per cent over the corresponding quarter of 2005-06.

During the fourth quarter of 2005-06, the company recorded a loss of Rs 4.4 crore. Operating profit for the quarter stood at Rs 85 crore, after factoring in an initial investment of Rs 15.4 crore in new businesses.

The FY06 numbers do not include the performance of many channels such as Zee Marathi, Zee Bangla, Zee Telugu, Zee Punjabi and Zee Gujarati etc, which were demerged from Zee Entertainment Enterprises (formerly Zee Telefilms) last January and merged into ZNL. Hence, the numbers are not comparable.