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Indian broadcaster Zee’s Q3 profit drops as advertising demand stays weak
- The company posted a consolidated net profit of 1.55 billion rupees
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India’s Zee Entertainment Enterprises reported a fall in quarterly profit on Thursday, as advertising revenue remained under pressure, and higher programming costs continued to weigh on margins.
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The company posted a consolidated net profit of 1.55 billion rupees ($16.9 million) for the quarter ended Dec. 31, compared with 1.64 billion rupees a year earlier.
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