Zee Tele Q2 net drops 38%

Zee Telefilms has posted a 38.47% decline in consolidated net profit at Rs 42.52 crore for the second quarter ended September 30, 2005 as compared to Rs 69.11 crore in the quarter ended September 30, 2004.

According to a release issued by Zee Telefilms to the BSE today, total income increased 10% to Rs 350.2 crore in Q2FY06 as against Rs 318.29 crore in Q2 FY05.

"We have made fresh investments in our new channels. Although this may have a short-term impact on our financials, it further strengthens the long-term prospects of the company," Subhash Chandra, chairman and managing director of Zee Telefilms, said.