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ZEEL — Zee Entertainment Enterprises News Story

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Indian broadcaster Zee's quarterly profit more than halves as ad woes persist

Oct 16 (Reuters) - India's Zee Entertainment Enterprises ZEE.NS reported a fall in quarterly profit on Thursday, as companies continued to pull back on advertising spending.

The company, which runs channels such as ZeeTV and ZeeCinema, said its consolidated net profit fell to 765 million rupees ($8.71 million), for the quarter ended September 30, from 2.09 billion rupees a year ago.

($1 = 87.8625 Indian rupees)

 (Reporting by Komal Salecha; Editing by Rashmi Aich)

 ((Komal@thomsonreuters.com;))

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