Zee Ent net drops 13% to Rs 130 cr

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Zee Ent net drops 13% to Rs 130 cr

Reuters / Mumbai 21 Jul 11 | 12:13 PM

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Zee Entertainment Enterprises Ltd on Thursday reported a 13% drop in its consolidated net profit of Rs 130 crore compared with Rs 150 crore a year ago.

Total expenditure, which includes programming and operating costs, staff, selling, administrative and other expenses and depreciation, rose 11% to Rs 551 crore.

Revenue inched up 3% to Rs 698 crore, helped by a healthy 16.7% rise in income from subscriptions.

Shares of the Mumbai-based company, which the market values at $2.74 billion, were up 1.1% at Rs 126 in a choppy Mumbai market.