Zee Telefilms Net Up To Rs 17.07 Cr

Mumbai, July 29: | Updated: Jul 30 2003, 05:30am hrs
Zee Telefilms Ltd has posted a net profit of Rs 17.07 crore for the quarter ended June 30, 2003, as compared to Rs 16.6 crore a year ago. Income from sales and services declined to Rs 91.63 crore, from Rs 93.04 crore.

Zee Telefilms consolidated results (this includes Zee Telefilms and its subsidiaries) shows a 30.7 per cent rise in consolidated net profit at Rs 62.3 crore for the first quarter, compared to Rs. 47.67 crore for the corresponding quarter of the last fiscal. Total revenue has increased to Rs 289.3 crore, as against Rs. 248.8 crore.

Subscription revenue has increased by 40.53 percent to Rs 142.77 crore against Rs 101.59 crore for the corresponding quarter of the previous financial year. The advertising revenue has witnessed a drop of 13.41 per cent from Rs 139.97 crore to Rs 121.2 crore.

Zees pay bouquet comprises 15 channels including 11 channels of Zee, two channels of Turner (CNN, Cartoon Network), CNBC and Reality TV Channel. During the second half of FY2004, uplinking of Zee TV and Zee Cinema would move from Singapore to India. This would tap into the highly lucrative non-exporter advertising market. Plans are afoot to launch the Direct to Home (DTH) services in the coming quarter said the companys press release.

The segment-wise revenue from content and broadcasting reflects an increase in the revenue from content and broadcasting to Rs 256 crore from Rs 218.64 crore. While revenue from access has also increased from Rs 35.52 crore to Rs 46.77 crore, the revenue from education has dropped to Rs 1.64 crore from Rs 3.01 crore.

CMD of Zee Telefilms Subhash Chandra said Subscription based business turned in an excellent performance globally, with 40.50 per cent growth in overall subscription revenues.