Zee Q1 net rises 9 pc to Rs 64.14 crores

New Delhi, July 17: Zee Entertainment Enterprises Ltd today said it has posted a nine per cent rise in its net profit to Rs 64.14 crore for the first quarter ended June 30, 2007 as compared to Rs 58.22 crore for the corresponding period last year.

Its total income has increased by 18.97 per cent to Rs 244.3 crore from Rs 197.95 crore in the same period, said a statement.

The Group's Consolidated net profit also increased by 13.96 per cent to Rs 81.27 crore for the first quarter ended June 30, 2007 as compared to Rs 69.92 crore for the corresponding period last year.

Consolidated total income has increased marginally by 1.83 per cent to Rs 391.57 crore from Rs 384.39 crore in the same period.

''Zee Entertainment advertising revenue grew at 47 per cent, while operating profit grew strongly by 81 per cent,'' said company Chairman Subhash Chandra in a statement.

Operating margins have improved to 30.6 per cent compared to the 23 per cent in the first quarter last fiscal, he added.

UNI