The Telegraph
Since 1st March, 1999
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Zee bottomline rises on higher subscriptions

Mumbai, July 29: Zee Telefilms Ltd has reported a 30.8 per cent jump in net profits for the first quarter ended June 30 this year on the back of surging subscription revenues although advertisement revenues fell by 13.4 per cent. Zee’s consolidated net profit was up at Rs 62.3 crore compared with Rs 47.67 crore reported in the same period last year.

Subscription revenue was up 40.5 per cent at Rs 142.8 crore in the reporting quarter. Total revenue during the period under review has increased by 16.3 per cent to Rs 289.3 crore as against Rs 248.8 crore last year.

Subhash Chandra, chairman and managing director, said: “Subscription based businesses turned in an excellent performance globally with 40.5 per cent growth in overall subscription revenues. Domestic subscription revenues continued to build on the momentum gathered last year, with a strong increase of 68.4 per cent over the corresponding period last year.”

Wockhardt Q2 net up

Wockhardt Ltd has reported a net profit of Rs 34.9 crore for the second quarter ended June 30, up 13.3 per cent from Rs 30.8 crore in the corresponding previous period. Income from operations was up 5 per cent at Rs 203 crore compared with last year.

Exports stood at Rs 68 crore for the reporting quarter. Exports of formulations grew by 38 per cent and active pharmaceutical ingredients by 34 per cent.

Britannia posts profit

Britannia Industries has posted a net profit of Rs 28.6 crore for the first quarter ended June 30, 2003 as against Rs 18.7 crore in the same period last fiscal.

Total income (net of excise) for the reporting quarter stood at Rs 345.5 crore compared with Rs 311.9 crore last year, the company informed the Bombay Stock Exchange.

Indian Rayon net soars

Indian Rayon and Industries’ first-quarter net profit jumped 43 per cent to Rs 21.56 crore from Rs 15.08 crore in the corresponding period of the previous year.

The bottomline gains came despite a drop in net sales to Rs 339 crore from Rs 364.50 crore.

Indo Gulf net up 22%

Indo Gulf Fertilisers Ltd has recorded a 22 per cent growth in net profit at Rs 12.2 crore for the first quarter ended June 30 as against Rs 10 crore last year. However, net sales dipped 61 per cent to Rs 40.3 crore (Rs 102.56 crore).

Magma net at Rs 7.2 cr

Magma Leasing has posted a 270 per cent jump in net profit to Rs 7.28 crore on the back of a 48.5 per cent growth in income. The company’s income stood at Rs 20.03 crore during the reporting quarter as against Rs 13.49 crore in the corresponding previous period.

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