Subhash Chandra promoted firm Zee News today said, its consolidated net profit for the fourth quarter ended March 31, has dipped by 42.67 per cent to Rs 8.76 crore.
The company had a net profit of Rs 15.28 crore in the same quarter ended March, 2008, Zee News said in a filing to the Bombay Stock Exchange.
"It has been a unique year for the television broadcasting industry. While there has been some slowdown in the print media segment and also in a section of the television broadcasting segment catering to the Hindi mass markets, we are happy to see that the news and regional segments have not been affected as much," Zee News Chairman Subhash Chandra said.
Total income of the company rose to Rs 138.44 crore during the quarter under review, as against Rs 113.07 crore in the same quarter last fiscal.
For the year ended March 31, the company has posted a consolidated net profit of Rs 44.66 crore, up 20.47 per cent from Rs 37.07 crore in the same period previous fiscal.
Shares of Zee News were trading at Rs 38.15, up 4.38 per cent on the BSE.
