Millennium Post

Zee Entertainment Q4 net slides by 85%

New Delhi: Zee Entertainment Enterprises Ltd (ZEEL) on Thursday reported a 84.76 per cent fall in consolidated net profit at Rs 230.64 crore for the quarter ended on March 31, 2018.
It had registered a net profit of Rs 1,513.87 crore in January-March a year ago aided by sale of its sports business. In the fourth quarter of 2016-17, ZEEL reported exceptional income of Rs 1,223.44 crore.
Total income during the quarter under review was at Rs 1,813.43 crore, up 14.56 per cent against Rs 1,582.89 crore a year earlier, ZEEL said in a filing with the BSE.
For the full year ended March 2018, ZEEL's consolidated net profit was at Rs 1,477.75 crore as against a net profit of Rs 2,220.11 crore in the previous fiscal.
ZEEL reported a total income of Rs 7,126.03 crore in 2017-18 as against Rs 6,658.17 crore a year ago.
Meanwhile, in a separate filing, ZEEL informed the BSE that its board in a meeting recommended payment of equity dividend of Rs 2.90 per share for 2017-18.
ZEEL shares settled at Rs 589 apiece, down 0.40 per cent, on the BSE.
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