Zee Media Q1 net narrows to Rs 7 cr

Zee Media Corporation Ltd today posted a net loss of Rs 7.10 crore for the first quarter ended June 30.
The company had reported a net loss of Rs 17.52 crore in the same quarter last year.
Zee Media, which operates news channels like Zee News and Zee Business and publishes DNA, reported net sales of Rs 134.57 crore in the quarter under review as against Rs 132.76 crore in the same quarter a year ago, an increase of 1.36 per cent.
Overall expenses of the company during the quarter were at Rs 133.01 crore as against Rs 143.79 crore in the corresponding period last year, decline of 7.49 per cent.

Its advertising revenue declined by 5.1 per cent to 96.75 crore in the quarter while its subscription revenue increased by 15 per cent to 28.67 per cent.
Shares of Zee Media closed at Rs 21.45 apiece, down 0.92 per cent on BSE.