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Home >Companies >Sun TV Q3 profit little changed at Rs214 crore, misses estimates

Chennai: Kalanithi Maran’s Sun TV Network Ltd on Friday said net profit for the quarter ended 31 December 2015 was little changed from a year earlier on tepid growth in advertising revenue.

The Chennai-based company posted a net profit of 214 crore, slightly down from 216 crore a year ago. Net profit fell short of the estimate of 227 crore in a Bloomberg survey of analysts.

Net sales rose to 574 crore from 552 crore a year ago. Analysts polled by Bloomberg had estimated sales of 601 crore.

Advertising revenue increased 2% to 298 crore in the quarter ended 31 December from year ago.

Sun TV share closed at 329.70, up by 1.01 %, as the benchmark Sensex ended higher by 0.15 % at 22,986.12 points.

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