India's Zee Media slumps after downbeat March-quarter revenue

Zee Media

15/05/2019 05:01

** Shares of television news media co Zee Media Corp
 ZEEN.NS  slump as much as 10% to 13.15 rupees, mark their worst
session since Jan 29
    ** Co reports March-qtr consolidated loss of 866.6 mln
rupees ($12.34 million), vs profit of 24.6 mln rupees a year ago
 urn:newsml:reuters.com:*:nFWN22Q0RM
    ** Co's Q4 advertising revenue almost flat y-o-y, while
subscription revenue dives 22 pct
    ** Stock down 39.3% this year, as of last close


($1 = 70.2320 Indian rupees)

 (Reporting by Derek Francis)
 ((Derek.francis@tr.com))