Home BusinessSun TV Q1 net up 17% at Rs 120 cr
Media Group Sun TV Network today reported a 16.83 per cent growth rate in net profit to Rs 119.80 crore in the first quarter ended June 30, 2009, as compared to Rs 102.54 crore in the corresponding period a year ago.
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Total income increased to Rs 301.88 crore in the same quarter of 2009 from Rs 239.95 crore in the corresponding year-ago period, Sun TV said in a filing to the Bombay Stock Exchange.
"The channels have been able to continue to maintain its advertising growth resulting out of a well-diversified mix of clients (national, regional and local) across multiple product categories," the filing added.
Sun TV"s revenue rose by 28.66 per cent to Rs 287.65 crore in the June quarter of this year.
During the quarter, the company earning per share stood at Rs 3.04, a 16.83 per cent rise over the year ago-period.
Shares of Sun TV closed at Rs 262.65, up 3.47 per cent on the BSE.