Zee Entertainment posts Q4 net loss at Rs 766 cr on higher operating costs

During the March 2020 quarter, its operational cost went up by 47.69 per cent to Rs 1,304.62 crore as against Rs 883.32 crore

Zee Entertainment Enterprise Ltd (ZEEL) on Saturday reported a consolidated net loss of Rs 765.82 crore for the January-March quarter of FY 2019-20.

The company had logged a net profit of Rs 292.53 crore in the January-March quarter a year ago, it said in a BSE filing.

Total income was down 4.06 per cent to Rs 1,991.74 crore during the said quarter as against Rs 2,076.06 crore a year ago.

It made a provision of Rs 113.70 crore as an impairment charge of the recoverable amount of goodwill allocated to the online media business which represents a separate cash-generating unit (CGU), the filing