Earnings call: Zee says cash flows yet to be audited, provides for past RPTs

Zee Entertainment Enterprises on Thursday said that its statement of cash flows for the six months ended September 30, 2018, have been approved by the company’s board of directors, but have not been subjected to a review. The company’s cash from operations remained negative, but the management expects it to turn positive by second half.

In an analyst call post its July-September earnings, Rohit Gupta, chief financial officer of Zee, said, “We are undertaking liquidation of debtors, which will release cash. Cash flows should improve in Q4 and by next year we should have positive free cash flows”.