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Zee Entertainment reports 56.66% fall in its Q1 net profit

21 Jul 2011 Evaluate

Zee Entertainment Enterprises has reported results for its first quarter ended June 30, 2011.

The company’s net profit after tax for the quarter declined by 56.66% at Rs 72.65 crore as compared to Rs 167.63 crore for the quarter ended June 30, 2010. Its total Income has increased by 17.48% to Rs 531.79 crore for the quarter under review from Rs 452.67 crore for the corresponding quarter of the previous year.

On Consolidated basis, the Group’s net profit has registered a fall of 13.28% at Rs 130.16 crore for the quarter ended June 30, 2011 as compared to Rs 150.10 crore for the quarter ended June 30, 2010. Its total revenue has increased by 3.15% to Rs 698.30 crore for the quarter from Rs 676.99 crore for the similar quarter of the previous year.

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