Zee Media hits lowest in over 2 mths after Q2 loss

Zee Media

09/11/2022 06:39

** Shares of Zee Media Corporation Ltd  ZEEN.NS  down as
much as 4.7% at 15.10 rupees, lowest since Aug. 23
    ** ZEEN marks sharpest intraday loss in over a month
    ** Co reports consolidated net loss of 120.8 mln Indian
rupees ($1.48 mln) for Sept. qrtr compared to a loss of 1.03 bln
a year ago
    ** Co weighed by operating costs, which soared 22.4% to
351.4 mln rupees
    ** Co posts a loss before exceptional items and tax of 86.4
mln rupees from a profit of 340.7 mln rupees a year ago 
    ** Revenue from operations was 1.95 billion rupees from 2.06
billion rupees a year ago
    ** ~1 mln shares change hands by 0602 GMT vs 30-day avg of
~580,000 shares
    ** Up to last close, stock had risen 18.7% YTD
($1 = 81.4750 Indian rupees)
 (Reporting by Yagnoseni Das and Biplob Kumar Das in Bengaluru)
 ((Yagnoseni.das@thomsonreuters.com;
Biplobkumar.das@thomsonreuters.com))