Zee Q1 net profit dips 95% to Rs 29 crore, Subhash Chandra to be Chairman Emeritus

MUMBAI: Zee Entertainment Enterprises on Tuesday posted a consolidated net profit of Rs 29 crore for the quarter ended June, down 95 per cent from Rs 530 crore in Q1 FY20.

In another development, Additional Director R Gopalan was appointed as the Chairman of the board of directors after Subhash Chandra resigned as the Non-Executive Director after 27 years of founding the company. He will continue as Chairman Emeritus from tomorrow.