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Zee net at Rs 227 cr

Mumbai, April 28: Zee Telefilms Ltd (ZTL) has reported a 16.66 per cent rise in consolidated net profit at Rs 227.03 crore for the financial year ended March 31, 2003, compared with Rs 194.60 crore posted in the previous fiscal. Total revenues on consolidated basis also were higher at Rs 1,199.32 crore last fiscal as against Rs 1,076.24 crore, a ZTL release said here today.

For the fourth quarter ended March, net profit stood at Rs 53.93 crore (Rs 52.83 crore) while total revenue rose to Rs 368.47 crore (Rs 315.82 crore). The profit before exceptional items for the fourth quarter was Rs 92.5 crore, an increase of 75.2 per cent.

Zee Tele reported a 16.7 per cent rise in fourth-quarter revenue to Rs 368.5 crore. The healthy revenue growth was aided primarily by a 54.1 per cent surge in subscription revenue to Rs 131.8 crore.

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