Media & Entertainment major company Zee Entertainment Enterprises Ltd on Wednesday reported a jump of over six-fold in its consolidated net profit after taxes (PAT) at Rs 1,514.22 crore for the fourth quarter ended March 31, 2017.
The consolidated net profit of the company stood at Rs 226.52 crore during the same period a year ago, Zee Entertainment Enterprises Ltd said in a filing to the Bombay Stock Exchange on May 10, 2017.
Its consolidated total income witnessed a marginal rise of 1.5 per cent to Rs 1,582.89 crore during Q4 2016-17, as compared to Rs 1,559.38 crore during the same period last year.
In the fourth quarter, its consolidated exceptional item stood at Rs 1,223.44 crore.
During the period, its advertising revenue stood at Rs 846.9 crore while subscription revenue stood at Rs 558 crore.
Commenting on the performance, ZEEL, MD & CEO, Punit Goenka said, “We are happy to deliver yet another quarter of strong financial performance despite the difficult economic environment. Our domestic advertising revenue grew by 8.1 per cent despite the impact of demonetization.”
The company’s board has recommended a equity dividend of Rs 2.5 per equity share of Re 1 each (equivalent to 250 per cent of the paid up equity share capital) for the financial year 2016-2017.
Meanwhile, shares of the company closed at Rs 516.05 apiece, up 3.98 per cent, from previous close on BSE.