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Zee Media Corporation reports 7% fall in Q2 net profit

23 Oct 2013 Evaluate

Zee Media Corporation has reported results for the second quarter ended September 30, 2013.

The company has reported 64.87% fall in its net profit at Rs 2.80 crore for the quarter as compared to Rs 7.97 crore for the same quarter in the previous year. However total income from operation of the company has increased by 24.73% at Rs 75.81 crore for quarter under review as compared to Rs 60.78 crore for the quarter ended September 30, 2012.

On consolidated basis, the company’s net profit after taxes and minority interest and share of profit of associates for the quarter under review declined 7.43% at Rs 3.86 crore against Rs 4.17 crore in the second quarter of previous fiscal. Group’s total income from operation rose 18.55% at Rs 83.02 crore for the quarter from Rs 70.03 crore in the similar quarter of previous year..

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