Zee News Q1 sales up at Rs 74.4cr

Its net profit stood at Rs 6.38 crore versus net loss at Rs 54 lakhs.

Q1FY08(QoQ)

Sales at Rs 74.4 cr vs Rs 71 cr

Operating Profit at Rs11.9 cr vs Rs 1cr

Net Profit at Rs 6.38 cr vs net loss at Rs 54 lakhs

Sales at Rs 74.4 cr vs Rs 44 cr

Operating Profit at Rs 11.9 cr vs loss at Rs 7.5 cr

Net Profit at Rs 6.38 cr vs net loss at Rs 8.5 cr

Result Analysis

- Operates four news and six regional channels

(Zee News, Zee Marathi,Zee Business, Zee Bangla, 24 Ghanta, Zee Gujarati

Zee 24 Taas, Zee Punjabi, Zee Telugu, Zee Kannada)

- Ad reveneus up at Rs 59.24 cr vs Rs 30.3 cr

- Subscription reveneus up at Rs 13.6 cr vs Rs 12.3 cr

- Exisitng businesses continue to perform particularly Zee Marathi Zee News & Zee Bengali

- New businesses such as Zee Telugu, Zee Kannada incurred operating loss of Rs 12.8 cr

- Rate hikes & higher inventory utilisations has helped boost topline

- Zee Marathi has strong No 1 positionpushing 50% market share

- Zee Bangla & Gujarati continue to perform with leadership & marketshare, ZeePunjabi distant second to ETC Punjabi

- New Properties to break even in 12-18 motnhs