ZEE profits up 42%

Zee Entertainment Enterprises, the main holding company for the Essel Group’s media companies, has declared record profit growth up 42 per cent to Rs 2,224 million.

“Our performance during the quarter reflects the investments that Zee is making to grow its business and market share. This has been accompanied by a strong improvement in the operating performance of the company during the quarter,” commented ZEE Chairman Subhash Chandra.

“In a highly competitive space, ZEE continues to build its media assets and in the process continues to create a value for the shareholders. We have a strong balance sheet and I am confident that we would take advantage of the growth opportunities ahead of us,” he added.

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