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Zee Entertainment Enterprises (ZEEL) on Tuesday reported a 27.04 per cent increase in consolidated net profit to ₹238.38 crore for the second quarter ended September, as against ₹187.63 crore in the corresponding period a year ago.
ZEEL’s total income on consolidated basis was up 22.98 per cent to ₹1,695.44 crore during the quarter under review, as against ₹1,378.59 crore in the last fiscal.
In the first half of 2015-16, ZEEL’s consolidated standalone net profit went up 24.47 per cent to ₹455.34 crore, as against ₹365.81 crore a year earlier.
Total income in the first half was also up 20.76 per cent to ₹3,267.06 crore, as against ₹2,705.27 crore in the same period last year.
Subhash Chandra, Chairman of ZEEL, said: “Initial signs of uptick in the Indian economy are already visible, and we should see improvement in economic growth in quarters ahead. While we continue to add new channels to our domestic and international broadcasting businesses, our new initiatives in movies, music, events and digital are taking shape.”
Punit Goenka, MD and CEO of ZEEL, said: “Our advertising revenues continue to grow ahead of market on the back of improving viewership share and better monetisation of our bouquet.”
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