MUMBAI: Kalanithi Maran-promoted Sun TV Network has reported a 10.98% increase in net profit for the quarter ended 31 December amid growth in subscription revenue and a fall in expenses.
Net profit stood at Rs 240.09 crore in the fiscal third quarter compared to Rs 216.33 crore a year ago.
Income from operations for the quarter was up 3% to Rs 589.43 crore from Rs 573.24 crore a year ago. Total income was higher by 4% at Rs 628.36 crore from Rs 602.16 crore.
Subscription revenue for the quarter was up 17 % to Rs 241.94 crore from Rs 207.16 crore. The company did not reveal the ad revenue figures.
Total expenses fell 3.8% to Rs 260.39 crore from Rs 270.7 crore.
Sun TV’s board of directors have declared an interim dividend of Rs 5 per equity share of Rs 5 Each for the financial year 2016-17.
Sun TV Network is one of the largest television broadcasters in India that operates channels across four Southern languages, namely Tamil, Telugu, Kannada and Malayalam. It airs FM radio stations across India and owns the Sun Risers Hyderabad Cricket Franchise of the Indian Premier League.
Sun TV Q3 net up 10.98% amid fall in expenses | TelevisionPost.com
Net profit stood at Rs 240.09 crore in the fiscal third quarter compared to Rs 216.33 crore a year ago.
Income from operations for the quarter was up 3% to Rs 589.43 crore from Rs 573.24 crore a year ago. Total income was higher by 4% at Rs 628.36 crore from Rs 602.16 crore.
Subscription revenue for the quarter was up 17 % to Rs 241.94 crore from Rs 207.16 crore. The company did not reveal the ad revenue figures.
Total expenses fell 3.8% to Rs 260.39 crore from Rs 270.7 crore.
Sun TV’s board of directors have declared an interim dividend of Rs 5 per equity share of Rs 5 Each for the financial year 2016-17.
Sun TV Network is one of the largest television broadcasters in India that operates channels across four Southern languages, namely Tamil, Telugu, Kannada and Malayalam. It airs FM radio stations across India and owns the Sun Risers Hyderabad Cricket Franchise of the Indian Premier League.
Sun TV Q3 net up 10.98% amid fall in expenses | TelevisionPost.com
