Zee News Ltd has reported standalone fourth quarter revenues of Rs 690.3 million representing a 47 per cent growth, as compared to the proforma numbers for the corresponding quarter last fiscal. The operating profit for the quarter stood at Rs 8.5 million, after expensing of initial investments in new businesses, amounting to Rs 154 million. The corresponding quarter last fiscal showed a loss of Rs 44 million. Profit before tax for the quarter ended March 31, 2007, was Rs 21.2 million, while net profit was Rs 13.1 million. Consolidated operating revenues for Q4 FY2007 stood at Rs 710.6 million and consolidated operating loss was Rs 9.2 million. 

The Board of Directors in its meeting on April 20, took on record the unaudited financial results of ZNL for the quarter ended March 31, 2007.

“Zee News Lts has shown robust advertising and subscription growths of 37 per cent and 45 per cent respectively during the quarter. While the existing businesses of ZNL have sustained the growth momentum, the new businesses are also showing encouraging viewership trends. Digitalisation should also enable our channels to garner good subscription revenues in future,” the Chairman Subhash Chandra stated.

Laxmi Narain Goel, Managing Director, ZNL, said, “It is a very encouraging sign that the combined share of all the Zee News channels has shown a healthy growth in the fourth quarter. Each one of the channels has increased or held on to its share in a competitive market. It is a sign of increasing viewer acceptance of our content.”