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Operating
revenue at Rs 776 million represented a 44 per cent jump over
the year-ago period. Operating profit was at Rs 105 million, up
from Rs 18 million.
ZNL's
advertisement revenue was Rs 608 million for the quarter, up 57
per cent on a like-to-like basis compared to Q2 FY07. Subscription
revenue stood at Rs 150 million, up nine per cent.
Said
ZNL chairman Subhash Chandra, "Zee News Limited has strengthened
its position in the
marketplace during Q2 FY08. Advertising revenues have grown by
57 per cent while subscription revenue improved by 9 per cent
during the quarter. While 'Zee Marathi' and 'Zee Bangla' are steadily
climbing the rating chart, the other existing businesses of Zee
News Limited have also shown consistent growth momentum. The trends
in the new businesses are encouraging with Zee Telugu and Zee
Kannada improving their performance despite hyper competitive
business environment. This nurtures our hope for a better future.
Zee News Limited is moving well on its journey to gain envious
position in the news and regional entertainment genres."
ZNL
MD Laxmi Narain Goel said, "Zee Marathi and Zee Bangla have
given sterling performance during the quarter. Zee Marathi has
maintained its Numero Uno position in the Marathi genre holding
a vice-like grip on the number 1 position, while 24 Ghanta has
also delivered a huge GRP increase and leading in Bangla news
genre in Q2 FY08. Zee News maintained its ratings in the face
of multiplying stiff competition in the Hindi News genre while
achieving strong revenue growths. We have met the bottom line
target during the 2nd quarter and this fortifies our belief that
good people skill, sensitivity to changing needs of viewers, agile
strategies, new offerings in content should stand us in good stead
for a better future."
Goel
added, "The existing businesses have shown consistency in
performance and revenues of existing businesses have grown by
42 per cent, the new businesses have also performed well in revenues
and registered a growth of 80 per cent during the second quarter.
We are also pleased to report that the operating margins on our
existing businesses increased from 30 per cent during Q2 FY07
to 33 per cent during Q2 FY08."
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