Mumbai: Kalanidhi Maran-promoted media group Sun TV Network today posted a profit after tax of Rs102.30 crore for the quarter ended 31 December 2007, where as the same was at Rs59.77 crore for the corresponding quarter in 2006.
Total income of the company was at Rs231.99 crore for the third quarter of this fiscal, while the same was at Rs125.02 crore for the corresponding quarter of last financial year, Sun TV informed the Bombay Stock Exchange.
The financial results for the quarter ended 31 December 2007 include the results of GTPL and the Demerged Undertaking of UTPL and are therefore, not comparable with corresponding quarter and nine months period of the previous year, the company added.
The petition for amalgamation of the erstwhile Gemini TV Pvt Ltd and the Satellite Television business of Udaya TV Pvt Ltd was sanctioned by the Madras High Court on 29 March 2007.
Shares of the company were trading at Rs327, up 9.86% on the BSE in afternoon trade.