Zee Tele to declare Q1 results on 29 July

MUMBAI: The Zee Telefilms board of directors will meet on 29 July to record the financial results of the company for the quarter ended 30 June 2003, the company has informed the Bombay Stock Exchange.
Analysts tracking the company have said that the stage is set for a brisk performance in FY04 with the strong results reported in FY 2002-03. While the government’s dithering on the implementation of conditional access system in the country could change the outlook for Zee, a Motilal Oswal report prepared in April this year predicted that the year ahead could see Zee Tele’s revenues growing by 13.7 per cent in FY04, powered by an eight per cent growth in ad revenues, 24 per cent growth in subscription revenues and 69 per cent growth in other sales and services. 
It now remains to be seen if the first quarter results are a step in the right direction.