Zee Telefilms Q1 net down 44 per cent

MUMBAI: Zee Telefilms Ltd has posted a net profit of Rs 165.90 million for the quarter ended 30 June 2002 as compared to Rs 298.80 million in the quarter ended 30 June 2001. This marks a drastic drop of 44.47 per cent in net profits. The financials are looking down on the total income side too which has decreased from Rs 1,192.20 million in the June Quarter 2001 (JQ-01) to Rs 1086.30 million in JQ-02, reported today. 

The figures posted on the Bombay Stock Exchange website pertain to Zee Telefilms Ltd specifically and have come in two days after Zee Telefilms announced its consolidated financial results for the first quarter (18 July). The way the announcement has been made is a departure from its earlier practice of declaring the results of Zee Telefilms separately but alongside that of the network as a whole.

The consolidated results (as was reported earlier) for the network are as follows:

The company and its subsidiaries' net profit for the quarter ended 30 June 2002 is at Rs 476.70 million as compared to Rs 363.80 million in the corresponding period last fiscal. Total sales & services have increased from Rs 2335.10 million in JQ-01 to Rs 2488 million in the quarter ended JQ-02. 

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