Zee Entertainment net profit at Rs 29.28 crore in quarter ended June

Zee Entertainment Enterprise Ltd has reported a consolidated net profit of Rs 29.28 crore for the first quarter ended on June, 2020.

The company had reported a net profit of Rs 529.76 crore in April-June quarter a year ago, Zee Entertainment Enterprise Ltd (ZEEL) said in a BSE filing.

Its total income during the quarter under review was Rs 1,338.41 crore. It was Rs 2,112.03 crore in the corresponding quarter last year.

According to the company, the impact on earnings was primarily due to restrictions caused by COVID-19 on business activities.

“Hence, the results for the current quarter are not strictly comparable with the results of the earlier quarters presented,” said ZEEL.