Zee Entertainment posts Q4 net loss at Rs 766 crore

Zee Entertainment Enterprise Ltd (ZEEL) on Saturday reported a consolidated net loss of Rs 765.82 crore for the January-March quarter of FY 2019-20.

The company had logged a net profit of Rs 292.53 crore in the January-March quarter a year ago, it said in a BSE filing.

Total income was down 4.06 per cent to Rs 1,991.74 crore during the said quarter as against Rs 2,076.06 crore a year ago.

It made a provision of Rs 113.70 crore as an impairment charge of the recoverable amount of goodwill allocated to the online media business which represents a separate cash-generating unit (CGU), the filing said.