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Our Bureau

Mumbai, July 17 Zee Entertainment Enterprises Ltd recorded a three-fold growth in net profit for the quarter ending June 30, over the figures reported by the company for the same period last year.

The company reported a net profit of Rs 64 crore in the quarter as against Rs 16 crore for the same period last year. The operations of the latest quarter, however, does not take into account the effect of the operations of the News & Cable and Direct Consumer businesses of the company which have been demerged effective from March 31, 2006 and April 1, 2006 respectively.

In a notice to the BSE, the company reported a sharp decline in the programming and operating costs at Rs 76 crore down from Rs 152 crore in June 2006.

The company’s shares closed at Rs 335.80 on Tuesday as against previous day’s close of Rs 335.95.

More Stories on : Financial Performance | Radio/TV | Zee Telefilms Ltd

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Zee Q1 profit at Rs 64 cr

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