ZEEL shares fall over 4 pc on weak Q3 results
Jan 22, 2020, 10:55 IST
New Delhi, Jan 22 () Shares of Zee Entertainment Enterprises on Wednesday shed over 4 per cent after the company reported a 38 per cent decline in net profit to Rs 348.60 crore for December 2019 quarter.
The stock slumped 4.05 per cent to trade at Rs 272.45 on the BSE.
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On the NSE, the scrip lost 4.25 per cent to Rs 272.
Media and entertainment firm Zee Entertainment on Tuesday reported a 38 per cent fall in its consolidated net profit for October-December quarter at Rs 348.60 crore, mainly on account of decline in advertising revenue.
The company had posted a net profit of Rs 562.76 crore in the same period a year ago, Zee Entertainment said in a BSE filing. RUJ BAL BAL(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)