Zee News consolidated revenues at INR 782.70 Mn; Records a YOY growth of 5.1%

Zee News Limited (ZNL) (BSE: 532794, NSE: ZEENEWS) today reported third quarter fiscal 2012 consolidated revenues of Rs. 782.7 million. Consolidated EBITDA stood at Rs. 192.7 million with strong EBITDA margins of 24.6% up from 18.1% in the last year.

Net Profit before tax stood at Rs. 162.4 million. The Board of Directors, in its meeting held today, has approved and taken on record the Un-audited financial results of ZNL for the

Barun Das, CEO, ZNL, said, "We had sensed the slowdown in the industry by the beginning of the last quarter and made adjustments in our operations accordingly. Our top lines and strict vigil on our costs has resulted in our margins being strong at 24.6% despite slowdown, which is likely to be an exception. With the Media Pro initiative settling down, our subscription revenue has shown growth towards the end of the quarter and it is a trend that is likely to continue. We remain confident regarding our ability to grow in the current financial year."

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