Zee News, which operates six regional news channels and a business channel, has experienced a good start to the new fiscal with net profit rising sequentially 33.8% to Rs. 119.40 million and consolidated sales of Rs. 1.37 billion, down marginally from the previous quarter. Salary cuts and staff rationalization reduced personnel costs by 3.9% to Rs. 196.3 million compared to Q4-09. This resulted in a reduction in expenditure by 4.3% to Rs. 1156.82 million, despite a rise in selling, distribution and administrative costs. "Our endeavor to de-leverage the balance sheet has led to a 13% reduction in interest costs sequentially” Laxmi Narain Goel, Managing Director, Zee News said. Details: Release | Financials | Call Consolidated EBITDA is up 43.5% to Rs.248 million year on year. New businesses reduced EBITDA levels to 18.5% from 41.9% during the quarter but it is still…
