Zee Network Q1 2002 net profit estimated at Rs 490 m.

MUMBAI: Zee Telefilms, which is scheduled to declare its results for the first quarter (Q1) ended 30 June 2002 today, is expected to post a roughly 18 per cent fall in net profit from the previous quarter, analysts that spoke to indicated. 

Zee Tele's net should end up in the range of Rs 490 million in this quarter on a consolidated gross of Rs 2,580 million. In the previous quarter, Zee achieved a net profit of Rs 599.1 million on a consolidated gross of Rs 3,243 million. One common refrain among the analysts was that Zee has for long been entering into its books a substantial amount of ad revenue profits that was in effect pre-booked and therefore does not really add to the company's bottomline. 

They are expecting the media major to make the correction at some point through a write-off but do not see that happening in this quarter. 

Quarter-on-quarter, sales growth has been forecast as being flat or negative. 

Investors have in recent times turned bearish on the share and its price has been headed southwards with its price currently in the Rs 120 range. 

This despite the fact that the network has been taking initiatives like hiring new professionals such as Prashant Sanwal to build on the gains that the Alpha regional language channels have been making; and Apurva Purohit to help course correct the lead channel Zee TV. 

Zee Tele has just last week announced a major deal with TV talk show veteran Shekhar Suman for two shows. Suman already anchors Nilaamghar for Zee TV, a show which packs a lot of energy and little ratings. 

Expectations are high that Simply Shekhar one of the new shows that Shekhar will star in, will better the fortunes of Zee TV and bridge the gap between Sony and itself. Star Plus the leader is far ahead of both of them.

Latest Reads
Content a 'Game of Thrones'; AT&T's control over HBO, Cartoon Network, Warner Bros faces regulatory lens

The global media landscape is resulting in a new juggernaut as an internet and cable behemoth yesterday purchased an entertainment conglomerate making the former unmatched in its size and reach to consumers through home broadband, smartphones, satellite television and a battery of movies and cable...

Television TV Channels English Entertainment
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories