Zee Entertainment Enterprises Aspires to Keep Up its Good Performance

Zee Entertainment Enterprises Aspires to Keep Up its Good Performance

Zee Entertainment Enterprises has revealed its fourth quarter results. The company's Q4 combined net sales were at Rs 649.29 Crore against Rs 530.93 Crore on quarter-on-quarter basis. Its combined net income was at Rs
128.80 Crore against Rs 146.43 Crore on QoQ basis.

Zee News Ltd. on Wednesday posted an over 68% drop in its consolidated fourth-quarter net income as the Indian television broadcaster dropped its entertainment channels to focus on news operations.

Net income plunged to 28.2 million rupees in the three months that ended on March 31 from 89.1 million rupees a year prior, whilst revenue fell almost by 57% to 600.6 million rupees from 1.38 billion rupees.

It was able to gain from other income, including from investments that it made worth 36.7 million rupees, as contrasted with 700,000 rupees a year prior.

Zee News, which is part of Essel Group, stated that the results were not comparable as it demerged television channels that had been offering entertainment programs in local languages in the past quarter. The channels were amalgamated with group corporation Zee Entertainment Enterprises Ltd.

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