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Zee M
edia has slipped around 2.5% on the Bombay Stock Exchange (BSE) after the company posted net loss of Rs 12.8 crore in the July-September quarter of 2015 fiscal, as compared to the net profit of Rs 4.27 crore in the previous corresponding quarter .
For the television segment, the company reported total revenue of Rs 98.56 crore in second quarter of 2015 fiscal which is 51% less than Rs 202.43 crore in the same quarter last fiscal.
While for the print business, it posted total revenue of Rs 32.59 crore for second quarter of 2015 fiscal which is 47.5% below the Rs 62.18 crore reported in same quarter last fiscal.
“Cementing our position as the largest private news network, the 10 news television channels, Mumbai Edition of DNA and news websites of Zee Media Corporation Limited (ZMCL) reached 147 million consumers of news and views across the country, said Dr Bhaskar Das, Group CEO, News Cluster.
The stock opened at Rs 17.50 and has hit a low of Rs 16.90 on BSE, so far.
