Tuesday, April 15, 2008

Zee Entertainment`s FY08 consolidated net up 62.8%

Leading media firm Zee Entertainment Enterprises posted consolidated net profit of Rs 3,962.50 million for the year ended March 2008, an increase of 62.8% over Rs 2,433.30 million reported a year ago.

The consolidated total income rose 27.88% to Rs 19,453.80 million from Rs 15,211.60 million for the year ended March 2007.

The company, on standalone basis, reported a net profit of Rs 2,949.20 million for the year ended March 2008, a growth of 75.76% from the year-ago.

The standalone total income rose 25.01% to Rs 11,399.80 million from Rs 9,118.70 million for the year ended March 2007.

The diluted EPS for the year ended Mar. 31, 2008 stood at Rs 6.78.

Quarterly Results

For the quarter ended March 2008, the group reported a net profit of Rs 1,044.20 million as compared to Rs 699.20 million for the quarter ended March 2007, a rise of 49.34%.

The consolidated total income increased 41.64% to Rs 5,694.80 million for the quarter ended March 2008 from Rs 4,020.50 million for the corresponding quarter, a year ago.

The company, on standalone basis, reported a net profit of Rs 794.60 million for the quarter ended March 2008, a 34.17% growth over the corresponding period a year ago.

The standalone total income rose 57.62% to Rs 3,413.40 million from Rs 2,165.60 million for the quarter ended March 2007.

The diluted EPS for the quarter ended Mar. 31, 2008 stood at Rs 1.83.

Quarterly Results - Stand Alone (Rs in mn)
As at Mar - 08 Mar - 07 %Change
Net Sales 3017.10 2019.50 49.40
Net Profit 794.60 592.20 34.18
Basic EPS 1.83 1.40 30.71


Shares of the company declined Rs 1.65, or 0.69%, to trade at Rs 238.1. The total volume of shares traded was 1,457,714 at the BSE. (2.07 p.m., Tuesday)

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