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Zee Entertainment reports 19% fall in Q4 consolidated net profit

22 May 2012 Evaluate

Zee Entertainment Enterprises (ZEEL) has reported a fall of 18.60% in its consolidated net profit at Rs 160.17 crore for the quarter ended March 31 as against Rs 196.78 crore in the corresponding period last year. The fall in net profit was mainly due to higher operational costs and reduced advertising revenue. The consolidated total income from operations during the fourth quarter, however, increased by 9.26% to Rs 869.06 crore from Rs 795.41 crore in the year-ago period.

The company’s advertising revenue in the fourth quarter of FY12 decreased by 12.11% to Rs 414.97 crore from Rs 472.17 crore in the same period of 2011. While, operational costs of the company stood at Rs 424.22 crore during the period under review as compared to Rs 370.94 crore, up 14.36%.

For the full year 2011-12, the company’s consolidated net profit went down by 7.50% to Rs 589.16 crore from Rs 636.95 crore in the previous fiscal. The consolidated total income from operations during FY12 rose by 1.05% to Rs 3,040.56 crore from Rs 3,008.84 crore in FY'11.

The company has recommended a dividend of Rs 1.50 per equity share of Re 1 each for 2011-12.

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