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ZEEL Q4 net grows 6-fold to Rs 1,514 cr, Ten Sports sale helps

first_imgNew Delhi, May 10 (PTI) Zee Entertainment Enterprises Ltd (ZEEL) today reported an over six-fold jump in its consolidated net profit at Rs 1,514 crore for the fourth quarter to March, aided by the sale of its sports business.It had registered a net profit of Rs 226.52 crore in January-March a year ago, ZEEL said in a filing with the BSE.Total income during the quarter under review was at Rs 1,582.89 crore, up 1.50 per cent, as against Rs 1,559.38 crore a year earlier.”PAT for the quarter was Rs 1,514.22 crore, which includes exceptional gain of Rs 1,223.4 crore on account of sale of sports business,” the company said.Its total expenses stood at Rs 1,043.86 crore, down 0.42 per cent from the earlier Rs 1,048.31 crore.”Our domestic advertising revenue grew by 8.1 per cent despite the impact of demonetisation. After a couple of quarters of weakness, advertising growth appears to be back on track,” said ZEEL MD and CEO Punit Goenka.ZEEL earned Rs 846.91 crore as total revenue from advertising during the quarter in question, which was flat as against Rs 847.22 crore of the same quarter last year.”Advertising revenue of our international business was impacted by country-specific issues during the quarter and the base quarter revenue was aided by telecast of popular cricket events in Pakistan,” the company said.Its subscription revenue came in at Rs 557.95 crore, down 6.13 per cent, compared to Rs 594.44 crore in the year-ago period.”Domestic and international subscription revenues for the quarter declined by 2.8 per cent and 18.7 per cent yoy, respectively, largely due to catch-up revenues in the fourth quarter of 2015-16. In addition, consolidation of only two months of sports business impacted subscription revenue during Q4 2016-17,” it said.advertisementFor the year to March 2017, ZEELs consolidated net profit jumped over two folds to Rs 2,220.46 crore as against a net profit of Rs 823.73 crore in the previous fiscal.Its total income for 2016-17 rose 10.82 per cent to Rs 6,658.17 crore as against Rs 6,007.67 crore a year ago.Meanwhile, in a separate filing, ZEEL informed the BSE that its board in a meeting held today recommended payment of 250 per cent dividend, that is Rs 2.50 per share for 2016-17.The stock of ZEEL today settled at Rs 516.05 on the BSE, up 3.98 per cent. PTI KRH ARDlast_img read more

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Guardiola hails De Bruyne after Chelsea heroics

first_imgKevin De Bruyne ‘He makes absolutely everything’ – Guardiola hails De Bruyne after Chelsea winner Dom Farrell Last updated 2 years ago 03:53 1/10/2017 FacebookTwitterRedditcopy Comments(0) Guardiola - cropped Getty Images Kevin De Bruyne Manchester City Guardiola Chelsea v Manchester City Chelsea Premier League The Belgian attacker and stand-in left-back Fabian Delph received special praise for their display against the reigning Premier League champions Pep Guardiola has singled out match-winner Kevin De Bruyne and Fabian Delph for individual praise after his Manchester City side put in a dominant display to beat Premier League champions Chelsea 1-0. A sensational strike midway through the second half from former Chelsea man De Bruyne secured all three points for unbeaten City, who controlled proceedings throughout Saturday’s contest at Stamford Bridge.Napoli 7/2 to beat Man City Article continues below Editors’ Picks Why Barcelona god Messi will never be worshipped in the same way in Argentina Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. Delph, meanwhile, put in another superb performance at left-back – filling in for the injured Benjamin Mendy, who will be out until at least April – and Guardiola was delighted for both players.”He makes absolutely everything. Goals, assists and he is the most humble guy,” Guardiola said of De Bruyne when asked by BT Sport for his thoughts on the Belgium playmaker.Kevin De Bruyne Manchester CityWillian Kevin De Bruyne Chelsea Manchester City Premier League“I am so happy for him, because I know how happy he is. De Bruyne and David Silva and Fabian Delph were excellent.”Fabian, again, he made an outstanding performance. He’s a guy who doesn’t lose the ball, he is so smart, so clever on the ball.”I am so happy for him. Last season was tough, because he didn’t play, but was injured a lot as well.”Chelsea’s attack was blunted 35 minutes in when Alvaro Morata hobbled off with an apparent hamstring problem, leaving City looking composed both on and off the ball.Marshalled by the excellent John Stones at the back, the visitors were never troubled, and only a goal-line clearance from Antonio Rudiger prevented Gabriel Jesus extending their advantage late on.City have now taken 19 points from their opening seven fixtures, and sit top of the table courtesy of goal difference, but Guardiola refused to get carried away so early in the season.”It’s September. There’s a lot to do. But that’s the path,” Guardiola added.9 – Kevin De Bruyne has scored nine of his last 11 @ManCity goals from outside the box, including each of the last four. Range #CHEMCI pic.twitter.com/bQLpiXQ2p6— OptaJoe (@OptaJoe) September 30, 2017″The win is the most important thing, but the way we played, especially in the second half. In the first half we did not find the right positions.”Chelsea want to play through the middle and attack with a lot of people. But we keep the ball as well as possible and regain possession as quickly as possible.”It’s not easy to do that, especially against players like [Eden] Hazard and Willian and Pedro, because one mistake and it is a goal. But it’s the way we play and feel football. So we are happy for that.”It’s important to win. It’s three points we win and three points Chelsea didn’t win. We’ve won all the games in September and most playing really well and scoring goals.”Everybody is going to fight to keep this going.”last_img read more

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