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Business News/ Companies / Sun TV FY ’08 net up 33% at 327 cr
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Sun TV FY ’08 net up 33% at ₹327 cr

Sun TV FY ’08 net up 33% at ₹327 cr

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PTI

Mumbai: Multi-language satellite TV major Sun TV, owned by Kalanidhi Maran, today posted consolidated net profit of 326.69 crore for the year ended March 31, 2008, a 32.75% increase over the last fiscal.

The group had reported a net profit of Rs246.09 crore for the year ended March 31, 2007, Sun TV said in a filing to the Bombay Stock Exchange.

The total income of the group increased to 25.54 crore for the fiscal year ended March 31, 2008, from 719.07 crore in the previous year.

The board of directors of the company has declared a dividend of 2.50 per cent on shares of 5 each ( 50%) for the financial year ended March 31, 2008, the company added.

On a standalone basis, the company reported a net profit of 366.98 crore for the financial year ended March 31 as against 68.82 crore last year and the total income increased to 25.99 crore for fiscal year 2007-08 from 26.40 crore of the previous year.

Shares of the company were trading at Rs297, down 3.59% on the BSE in afternoon trade.

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Published: 30 Jun 2008, 01:40 PM IST
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