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Zee Media’s TV business grows 34 per cent; print business adds to Q1-2015 loss


30 Aug 2013
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BENGALURU:Zee Media Corporation (ZMCL) reported 33.7 per cent growth for its television
business to Rs 103.87 crore in
Q1-2015 as compared to Rs 77.68
crore in Q1-2014 and 25 per cent
more than the Rs 82.78
crore in Q4-2014. The television segment
reported operating result of Rs 4.78 crore in
the quarter.
The company reported a Q1-2015 loss of Rs
17.52 crore as compared to a PAT of Rs 4.11
crore in Q4-2014 and PAT of Rs 5.04 crore in
Note : 100,00,000 = 10 million = 100 Lakhs =
1 crore
ZMCL has included the print segment’s
numbers to its consolidated results for
Q1-2014 for the first time. The Scheme of
Amalgamation ("The Scheme") for merger of
Essel Publishers Private Limited ("EPPL") with
the Company was approved by the Bombay
High Court vide Order passed on 2 May 2
2014, with appointed date being 1 April 2014.
The Scheme has been made effective on 27
May 2014 and hence given effect to in the
financial statements of the current quarter. As
per the Scheme, all assets and liabilities of
EPPL vested on the company were accounted
at their respective fair values as per
Accounting Standard 14. In pursuance of the
Scheme, the company had on 9 June 2014
issued and allotted 122,381,817 equity shares
of Re 1 each fully paid up to the shareholders
of EPPL, which has resulted in (i) increase in
paid-up capital of the company to
362,145,773 equity shares of Re. 1 each and
(ii) increase in shareholding of promoters and
promoter group to 69.11per cent. The current
period EPS is not comparable to the previous
periods, due to such allotment of equity
shared during the quarter.
ZMCL’s print segment reported revenue of Rs
29.6 crore in Q1-2015 and an operating loss
of Rs 15.19 crore, which was a major addition
to the loss reported by the company during
the current quarter.
Let us look at the other numbers reported
by ZMCL for Q1-2015
Watch this space for more…. http://www.indiantelevision.com/television/tv-channels/news-broadcasting/zee-media-s-tv-business-grows-34-per-cent-print-business-adds-to-q1-2015-loss-140807
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