Solid progress for ZEEL
May 23, 2013
By Chris Forrester
Mumbai-based Zee Entertainment Enterprise Ltd (ZEEL) reported spectacular revenue growth, and profits, for its FY 2013 results. Net profits grew 21.6 per cent, helped by a claimed 670 million viewers globally to ZEEL’s output spread over 32 channels some of which are available in 169 countries.
ZEEL chairman Subhash Chandra said that FY 2012 was a defining year for India’s media sector in many ways. “The biggest transformation was the implementation of DAS in 42 cities nationally. There were 33 million DTH subscribers and 16 digital cable TV homes as fiscal 2013 ended as against 29 million DTH and 4 million DAS homes in the previous year. We believe we can continue to return meaningful amount of capital even as we strengthen our business and invest in the growth of our businesses. We will continue to pursue growth opportunities which would enhance long term shareholder value.”
He praised India’s adoption of digital TV, along with encryption, and also welcomed the growth in DTH ARPU.