Zee ups profits 48%

Subhash Chandra’s Zee Entertainment Enterprises put on an impressive 48.8 per cent net profit for its Q4 period (to March 31st). The broadcaster’s shareholders have approved buying back up to 25 per cent of the company’s stock, at prices up to 126 Rupees a share.

The quarter’s revenue growth rose 22.9 per cent on the same period last year. Advertising revenues were equally buoyant (up 36.4 per cent) while subs revenues for the company’s subscription business grew 23.7 per cent. DTH revenues expanded 44.1 per cent to a record (Rupees) 984 million.

Commenting on the fourth quarter results of the company, Subhash Chandra, Chairman said, “The company`s commitment to its viewers of delivering high quality content across genres has translated into satisfactory financial results. At Zee, we will continue to pursue growth opportunities which would enhance long-term shareholder value. Our investments in the sports genre have continued during the quarter.”

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