Zee Media Corporation Ltd on Tuesday reported over two-fold increase in net profit at Rs 5.63 crore for the first quarter ended 30 June, 2013.
The company had reported a net profit of Rs 2.6 crore in the same quarter last year.
Zee Media, which operates news channels like Zee news and Zee Business, reported net sales at Rs 77.3 crore in the quarter under review as against Rs 68.4 crore in the same quarter a year ago, an increase of 13.01 per cent.
Overall expenses of the company during the quarter were at Rs 72.3 crore as against Rs 66.15 crore in the corresponding period last year, an increase of 9.29 per cent. Zee Media shares closed at Rs 11.11 apiece at BSE, down 3.31 per cent from the previous day's close.
The company had reported a net profit of Rs 2.6 crore in the same quarter last year.
Zee Media, which operates news channels like Zee news and Zee Business, reported net sales at Rs 77.3 crore in the quarter under review as against Rs 68.4 crore in the same quarter a year ago, an increase of 13.01 per cent.
Overall expenses of the company during the quarter were at Rs 72.3 crore as against Rs 66.15 crore in the corresponding period last year, an increase of 9.29 per cent. Zee Media shares closed at Rs 11.11 apiece at BSE, down 3.31 per cent from the previous day's close.