ZEE Q2 net at Rs 216.3 cr

NEW DELHI: Media conglomerate Zee Entertainment Enterprises (ZEE) on Thursday posted a consolidated net profit of Rs 216.3 crore for the quarter ended September 30, 2010.

This is against a consolidated net profit of Rs 111 crore for the same period last year, ZEE said in a statement.

Total revenue stood at Rs 711.57 crore for Q2 FY'11 as against Rs 540.5 crore registered in the same quarter last fiscal.

The numbers include financials of Taj TV, regional general entertainment channel business acquired from Zee News, 9X business and ETC Network (which were merged earlier this year) and therefore the numbers are not comparable, it said.

While advertising revenues stood at Rs 412.2 crore, subscription revenues stood at Rs 273.7 crore for the quarter ended September 30, 2010.

Subscription revenues from domestic DTH business (Dish TV) stood at Rs 78.7 crore during the reported quarter, it said.

"The Indian media industry continues to witness buoyant growth across platforms. While advertising spends continue to rise in India, the bigger driver of positive change is the wholehearted adoption of digital distribution technology," ZEE chairman Subhash Chandra said.