Sun TV FY ’08 net up 33% at ₹327 cr
Sun TV FY ’08 net up 33% at ₹327 cr
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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