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MUMBAI:Zee
News Limited's standalone net profit jumped over ten times
in the last quarter of the fiscal ended 31 March 2008 to stand
at Rs 153 million, up from Rs 13 million a year ago.
Revenue
increased 59.7 per cent to 1.10 billion while operating profit
was at Rs. 246 million. The corresponding quarter last fiscal
showed a loss of Rs. 16 million. For the full fiscal, revenue
was up 52 per cent at Rs 3.58 billion.
Table
showing Revenues
| (Rs.
Millions) |
4th
Quarter ended |
%
of Total
Revenues |
Upto
the 4th
Quarter ended |
%
of Total
(Rs. Millions) Revenues |
| FY
2008 |
FY
2007 |
FY
2008 |
FY
2007 |
FY
2008 |
FY
2007 |
FY
2008 |
FY
2007 |
| Advertising
Revenues |
859.8 |
467.0 |
78.0% |
67.7% |
2,836.8 |
1,678.3 |
79.3% |
71.2% |
| Subscription
Revenues |
219.8 |
147.0 |
20.0% |
21.3% |
667.5 |
564.9 |
18.7% |
24.0% |
| Other
Sales & Services |
22.6 |
76.2 |
2.0% |
11.0% |
73.9 |
114.1 |
2.0% |
4.8% |
| Total
Revenues |
1,102.2 |
690.2 |
100.0% |
100.0% |
3,578.2 |
2,357.3 |
100.0% |
100.0% |
Consolidated
operating revenues for 4Q FY 08 stood at Rs. 1131 million
and consolidated operating profit was Rs. 246 million.
Commenting
on the results, Zee Group chairman Subhash Chandra said: "The
fourth-quarter growth has been led by a significant increase
in advertisement revenues, which have grown 84 per cent."
Table
showing Expenditure
| (Rs.
Millions) |
4th
Quarter ended
|
%
of Total
Revenues
|
Upto
the 4th
Quarter ended
|
%
of Total
(Rs. Millions) Revenues
|
|
FY
2008
|
FY
2007
|
FY
2008
|
FY
2007
|
FY
2008
|
FY
2007
|
FY
2008
|
FY
2007
|
Cost
of Goods &
Operations |
457.3 |
371.0 |
54.6% |
54.4% |
1,464.3 |
1,145.9 |
51.0% |
51.5% |
| Employee
Cost |
120.1 |
93.0 |
14.4% |
13.6% |
418.9 |
343.6 |
14.6% |
15.4% |
| Other
Expenses |
259.5 |
217.9 |
31.0% |
32.0% |
986.4 |
734.9 |
34.4% |
33.1% |
| Total
Expenses |
836.8 |
681.9 |
100.0% |
100.0% |
2,869.6 |
2,224.4 |
100.0% |
100.0% |
Zee
Tamil will be launched by the end of July 2008. "There
is no doubt that regional language markets are more cluttered
than the Hindi market, but Zee Network can not afford not
to be in these languages." added Chandra.
Elaborating
on the company's performance, ZNL CEO Barun Das said: "The
fourth quarter saw Zee News close the gap with its next biggest
competitor inspite of the overcrowded market. To further propel
our growing popularity in the Hindi news genre, we have planned
a high profile re-launch of Zee News."
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