Zee Media Q1 net rises over two fold to Rs 5.63 cr

Zee Media Corporation Ltd on Tuesday reported over two-fold increase in net profit at  Rs 5.63 crore for the first quarter ended June 30, 2013. The company had reported a net profit of Rs 2.6 crore in  the same quarter last year.

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Zee Media, which operates news channels like Zee News and Zee Business, reported net sales at Rs 77.3 crore in the  quarter under review as against Rs 68.4 crore in the same quarter a year ago, an increase of 13.01 percent.
Overall expenses of the company during the quarter were at Rs 72.3 crore as against Rs 66.15 crore in the  corresponding period last year, an increase of 9.29 percent. Shares of Zee Media closed at Rs 11.11 apiece at the  end of day's trade, down 3.31 per cent from the previous day's close.