The Hindu Business Line : Zee Entertainment Q4 profit jumps 34%

MUMBAI: Zee Entertainment on Tuesday announced a net profit of Rs 79.46 crore for the fourth quarter ended March 31, 2008, a 34.18 per cent growth over the corresponding period a year ago.

The firm had a net profit of Rs 59.22 crore in the fourth quarter last financial year, it said in a filling to the Bombay Stock Exchange. The total income shot up 57.62 per cent to Rs 341.34 crore in the latest quarter as compared to Rs 216.56 crore in the corresponding period a year-ago.

Meanwhile, the net profit stood at Rs 294.92 crore for the year ended March 31, 2008, a jump of 77.44 per cent over the year-ago period. It had a net profit of Rs 166.21 crore in the same period a year ago.

The total income soared 22.69 per cent to Rs 1,139.98 crore for the year ended March 31, 2008 as compared to Rs 929.13 crore in the corresponding year ago period. On the other hand, the group's profit stood at Rs 104.42 crore for the fourth quarter ended March 31, 2008, an increase of 49.34 per cent over the same period a year ago.

The group had posted a profit of Rs 69.92 crore in the fourth quarter last financial year. Further, the total income of the group grew 41.64 per cent to Rs 569.48 crore for the year ended March 31, 2008 as compared to Rs 402.05 crore in the same period a year ago.

The group's profit for the year ended March 31, 2008 rose to Rs 396.25 crore, a 62.84 per cent growth over the year ago period. The group had recorded a profit of Rs 243.33 crore for the corresponding period a year ago.

In addition, the group's total income grew 27.88 per cent to Rs 1,945.38 crore for the year ended March 31, 2008 as compared to Rs 1,521.16 crore in the year ago period. In late afternoon trade, shares of the company were trading at Rs 230, down 4.07 pe r cent on the BSE. - PTI

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