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Zee News reports net loss of Rs 4.35 crore in Q4

17 May 2012 Evaluate

Zee News has reported results for fourth quarter and year ended March 31, 2012.

The company has reported net loss of Rs 4.35 crore for the quarter ended March 31, 2012, against net profit of Rs 3.99 crore for the corresponding period last fiscal.  However, total income increased by 20.58% at Rs 79.98 crore during the quarter under review from Rs 66.33 crore in the year-ago period.

The company reported consolidated net loss of Rs 3.95 crore for the quarter ended March 31, 2012, against net profit of Rs 6.64 crore for the corresponding period last fiscal. However, total income increased by 13.77% at Rs 86.36 crore during the quarter under review from Rs 75.91 crore in the year-ago period.

For the full year ended March 31, 2012, the company has posted a fall of 36.61% in its net profit at Rs 6.20 crore for the year ended March 31, 2012 as compared to Rs 9.78 crore in the previous year. However, total income has increased by 12.46% at Rs 273.33 crore for year under review as compared to Rs 243.05 crore for the period ended March 31, 2011.

On the consolidated basis, the company has posted a fall of 29.46% in its net profit at Rs 11.54 crore for the year ended March 31, 2012 as compared to Rs 16.36 crore in the previous year. However, total income has increased by 10.99% at Rs 307.22 crore for year under review as compared to Rs 276.79 crore for the period ended March 31, 2011.

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