During the December quarter, Sun TV Network’s net profit fell marginally on higher costs while its total revenues increased 5% on better income from D2H business
Sun TV Network Ltd, a media and broadcasting company, reported a 2% decline in its third quarter net profit mainly due to 13% higher costs even as its total revenues increased 5%.
For the quarter to end-December, Sun TV Network said, its net profit fell 2% to Rs185.79 crore from Rs189.88 crore a year ago, while its total revenues increased 5% to Rs508.34 crore from Rs485.86 crore, a year ago period.
During the December quarter, the broadcasting company’s total expenditure increased 13% to Rs242.38 crore from Rs213.90 crore last year.
“Subscription revenues from cable and Direct-to Home (D2H) continued to maintain the digitization momentum with a sustained growth of over 27% on a year-on-year (y-o-y) basis at Rs167.12 crore from Rs131.27 crore a year ago period. International subscription grew by 29% over the same period last year,” the company said in a regulatory filing.
Sun TV Network declared an interim dividend of 50% or Rs2.50 per share.
Sun TV Network closed Friday marginally down at Rs362.55 on the BSE, while the 30-share Sensex ended the day flat at 20,376.
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