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India's Zee Entertainment quarterly profit falls on weak advertising, higher costs

India's Zee Entertainment quarterly profit falls on weak advertising, higher costs

- India's Zee Entertainment Enterprises ZEE.NS reported a 46.9% fall in first-quarter profit on Monday, hurt by weak advertising revenue and higher costs related to its return to sports broadcasting.

The company posted a consolidated net profit of 763 million rupees ($8.01 million) for the quarter ended June 30, compared with 1.44 billion rupees a year earlier.


($1 = 95.3000 Indian rupees)


(Reporting by Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala)

((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))

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