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Corporate Results
Zee Entertainment Q1 net profit dips 43%

MUMBAI: Zee Entertainment Enterprises on Thursday reported a fall of 43 per cent in its consolidated net profit for the first quarter ended June 30 to Rs 91.32 crore over the corresponding period a year ago.

The company had a consolidated net profit of Rs 160.71 crore during the June quarter a year ago, Zee Entertainment said in a filing to the Bombay Stock Exchange (BSE).

The consolidated total income of the entertainment firm fell to Rs 508.44 crore during the 3 month period ended June 30 from Rs 569.76 crore in the same quarter a year earlier.

On a standalone basis Zee Entertainment posted a net profit of Rs 71.27 crore during the April-June period of current financial year, down 45.58 per cent compared to Rs 130.97 crore last year. Shares of Zee Entertainment were trading at Rs 173, up 5.58 p er cent in the afternoon trade on the BSE. - PTI

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