| MUMBAI:
Zee News Ltd (ZNL) has posted a 22.4 per cent jump in its fourth-quarter consolidated
revenue over the year-ago period while net profit has dipped by 42.67 per cent
due to new channel launches. Revenue
jumped to Rs 1.38 billion, up from Rs 1.13 billion in the fourth quarter of FY'08.
For the
first time, ZNL's turnover crossed the Rs 5 billion mark in a financial year,
boosted by strong advertising and subscription growth. The company, which runs
a clutch of news and regional general entertainment channels, closed the fiscal
at Rs 5.2 billion, up 42.2 per cent (Rs 3.67 billion in FY'08). Consolidated
net profit, however, took a beating in the quarter to stand at Rs 87.6 million,
down from Rs 152.8 million a year ago. For
the full fiscal, net profit was at Rs 448.2 million, up 13.4 per cent from Rs
395.2 million in fourth quarter of FY'08. Consolidated EBIDTA stood at Rs 892
million, up 26.8 per cent. Commenting
on the company's performance, ZNL chairman Subhash Chandra said: "It has
been a unique year for the television broadcasting industry. While there has been
some slowdown witnessed in the print media segment and also in a section of the
television broadcasting segment catering to the Hindi mass markets, we are happy
to see that the news and regional segments have not been affected, as much. This
validates our belief of making early investments in the fast growing regional
television market."
Consolidated Operations The
table below shows the company's condensed consolidated statement of operations. Revenue
Streams
The table below gives the segment-wise performance of ZNL. Expenditure
Zee News’ main expenses include goods and operations cost, employee cost
and administrative and selling expenses.
Existing
and New Businesses
The tables below presents a comparison of the
performance of existing and new businesses (excluding the channel 24 Ghanta).
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