ZEEL PAT up 28% in Q2FY17
The company saw consolidated revenue growth at 23% in Q2FY17 to Rs 1695.4 crore from Rs 1378.6 crore last year
From left: Punit Goenka MD and CEO ZEEL, Subhash Chandra, chairman (Essel), Rajiv Kheror, president strategy & planning, (International Business) (ZEEL), Piyush Sharma, CEO Zee Living - APAC, Amit Nairbusiness head Living Foodz (File Photo)
Punit Goenka led Zee Entertainment Enterprises Limited (ZEEL) saw consolidated revenue grow 23 per cent in Q2FY17 to Rs 1695.4 crore from Rs 1378.6 crore last year. The performance was driven by strong growth in all revenue streams. Advertising revenues for the quarter were up 15.7 per cent (Rs 959.2 crore) while subscription revenues grew by 21.7 per cent (583.3 crore). The revenue does not include proceeds from the sale of the sports channels under TEN Sports brand. The strong growth in domestic subscription revenue is attributable to early closure of content deals this year as ...