Zee's profit up 64%

Zee-EntertainmentOn Tuesday, Zee Entertainment Enterprises (ZEE) said that its net profit has jumped by 64.36 per cent. In real terms the profit of media major was at Rs 150.1 crore for the quarter ending June 30.

The company said that this is the result of higher volume from the advertising front.

This is higher than last year when the net was at Rs 91.32 crore, Zee said in a filing with the BSE.

On the revenue front, the increase was that if 42.24 per cent to end at 676.99 crore for the same quarter. Last year for the same quarter it stood at Rs 475.93 crore.

Zee has various channels under its umbrella brand. And as such the numbers also include the financial of Taj TV and ETC Networks. Many regional channels that have been acquired by Zee are also included in the calculation.

As per the data given by Zee, the total advertising revenue of the firm grew by 90.39 per cent to Rs 376.91 crore. The subscription revenue was up 8.48 per cent to Rs 261.42 crore.

Zee is one of the most successful names in the media industry.