Zee Entertainment Q1 net at Rs.64.14 Crores, up 249.34% YOY

Zee Entertainment Enterprises Ltd has announced the unaudited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs 641.40 million for the quarter ended June 30, 2007 as compared to Rs 183.60 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1979.50 million for the quarter ended June 30, 2006 to Rs 2443.20 million for the quarter ended June 30, 2007.

The Consolidated results are as follows: The Group has posted a profit after tax of Rs 812.70 million for the quarter ended June 30, 2007 as compared to Rs 539.10 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3041.20 million for the quarter ended June 30, 2006 to Rs 4128.70 million for the quarter ended June 30, 2007.

Mr. Subhash Chandra, Chairman, stated, "Commendable performance of the flagship channel continues to drive revenue growth and margins. Zee Entertainment finished the first quarter of FY2008 with robust advertising revenue growth of 47%, while operating profit grew strongly by 81%, compared to the corresponding quarter of last fiscal. We are pleased that operating margins have improved to 30.6% compared to the 23% in the first quarter last fiscal."

The stock closed the day at Rs.335.80, down by Rs.0.15 or 0.04%. The total traded quantity was 1772434 compared to 2 week average of 785510. The stock hit an intraday high of Rs.348.25 and low of Rs.333.15.

Source : Equity Bulls

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