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Journalism of Courage
Media major Zee Entertainment Enterprises (ZEE) said net profit jumped 64.36 per cent to Rs 150.1 crore in the quarter ended June 30,2010,on account of higher advertising revenue.
This is against a net profit of Rs 91.32 crore for the same period last year,ZEE said in a filing to the Bombay Stock Exchange.
ZEE posted an increase of 42.24 per cent in revenue to Rs 676.99 crore in Q1,FY2010-11,from Rs 475.93 crore in the corresponding period of the previous year.
The numbers include the financials of Taj TV and ETC Networks. They also include the results of the regional general entertainment channels that it acquired from Zee News.
The company’s advertising revenue grew 90.39 per cent to Rs 376.91 crore in the June quarter,while subscription revenue increased 8.48 per cent to Rs 261.42 crore,it said.
“The Indian economy continues to grow at a healthy pace and we look forward to robust growth in all sectors. The revival in advertising spends in the country is a clear sign of buoyancy,” ZEE Chairman Subhash Chandra said.
