Zee Media Q1 net rises over two-fold to Rs 5.63 crore

Zee Media Corporation Ltd on Tuesday reported an over two-fold increase in net profit at Rs 5.63 crore for the first quarter ended June 30, 2013.

The company had reported a net profit of Rs 2.6 crore in the same quarter last year.

Zee Media, which operates news channels like Zee news and Zee Business, reported net sales of Rs 77.3 crore in the quarter ended June, 2013 as against Rs 68.4 crore in the same quarter a year ago, an increase of 13.01 per cent.

Overall expenses of the company during the quarter were at Rs 72.3 crore as against Rs 66.15 crore in the corresponding period last year, an increase of 9.29 per cent.

Shares in Zee Media, on Tuesday, ended at Rs 11.11 apiece on the BSE, down 3.31 per cent from the previous close.