ZEE Entertainment Enterprises Limited- Concall highlights

Advertising revenues for Q3FY’10 were Rs.2,707 million, an increase of 1% as compared to the corresponding period last fiscal, while subscription revenues were Rs.2,467 million for Q3FY’10, an 8% increase as compared to the corresponding period last fiscal. Subscription revenues from domestic DTH were Rs 632 million during Q3FY’10, an increase of 124% over Q3FY’09. PAT increased 74 per cent to Rs.1464.3 million in Q3FY’10 compared to Rs.839.7 million in Q3FY’09. The Board of Directors of the Company has approved the proposal to acquire additional 45% stake in its subsidiary Taj TV Limited Mauritius (Taj) and additional 50% stake in its subsidiary Taj Television (India) Pvt. Ltd. (Taj India) from Bukhatir Group (Bukhatir) for $44.145 million. Zee had acquired the initial 50% stake in Ten Sports in FY’07 at an enterprise value of $114 million. (assumed a debt of $28 million). The flagship Hindi General Entertainment Channel (GEC), Zee TV delivered 250 weekly GRPs on an average during Q3FY’10 and attained a channel share of 20% in its genre. Cash as on December, 2009 stood at Rs.1519 million.