Press Releases2014Aug 11, 2014
ZMCL declares its Q1 FY15 results
Zee Media Corporation Limited (ZMCL), erstwhile Zee News Limited, (BSE: 532794, NSE: ZEEMEDIA), today reported first quarter of fiscal 2015 consolidated revenues of Rs. 1334.6 mn. The company incurred Operating Expenditure of Rs. 1313.7 mn in the first quarter. The Board of Directors, in its meeting held today, approved and took on record the financial results of ZMCL for the first quarter ended on June 30, 2014. The results include figures for the print business and are not comparable to the previous quarters.« Back
Mr. Subhash Chandra, Non-executive Chairman of the Board, said "The Union budget presented in July has helped improve the investment climate and has restored business confidence. More money has been put in taxpayer's pocket thereby enhancing his purchasing power. Emphasis on the completion of unfinished infrastructure projects to start their utilization is another positive sign. Raising FDI limits in certain sectors and disinvestment of certain PSUs would also go a long way in injecting funds into economy. While the government has taken a path of fiscal prudence, Consumer Price Inflation still remains a major area of concern, which hopefully will be better addressed through monsoon revival. The new buoyancy in the economy, backed by a well-intentioned policy push, is bound to make a positive impact on Indian media industry."
Dr Bhaskar Das, Group CEO, News Cluster, said: "Continuing to expand our horizon, ZMCL has enlarged its reach to over 147 million users across the country, again consolidating its position as the largest private news network. We have also continued to sharpen our focus on our online medium by ensuring seamless integration of content across platforms. The network set high benchmarks in coverage of general elections, striking a rich balance between insightful analysis and reportage from the field. While we are constantly striving for creating content differentiators, the network has posted a strong growth in advertisement revenue, especially on Counting Day of general elections."