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Zee News Ltd (ZNL) has posted a consolidated net profit of Rs 2.24 million (after minority interest) for the three-month period ending September on a revenue of Rs 615.87 million.

The corresponding quarter a year ago had six regional general entertainment channels which powered a net profit of Rs 131.49 million for the second-quarter of FY'10. Since 1 January 2010 the regional GECs have moved to group company Zee Entertainment Enterprises Ltd.

On sequential basis, ZNL had posted a net profit of Rs 33 million on a turnover of Rs 648.5 million in the fiscal first quarter.

ZNL chairman Subhash Chandra said, "The company has utilised the last two quarters to consolidate its position post demerger, and is poised to expand from here. The balance sheet looks sanguinely healthy and advertising and subscription revenues have continued to grow. What is particularly heartening is that the company has managed to show robust growth at a time when most players in the industry have been facing degrowth."