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Sun TV FY06 net up 70 per cent at Rs 1302.3 million, declares 20 per cent dividend

Sun TV FY06 net up 70 per cent at Rs 1302.3 million, declares 20 per cent dividend

Author | exchange4media News Service | Monday, Jul 24,2006 7:01 AM

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Sun TV FY06 net up 70 per cent at Rs 1302.3 million, declares 20 per cent dividend

Sun TV Ltd, the largest television broadcaster in Tamil Nadu and Kerala, has reported 69.65 per cent increase in net profit at Rs 1302.3 million for the financial year ended March 31, 2006. Revenues for the year are up at Rs 3219.1 million. The programme licence income has registered a growth of 101 per cent.

The earnings per share (EPS) is also up 70 per cent at Rs 21 from Rs 12.38 for the same period last year. The Board of Directors have recommended a dividend of 20 per cent for the year. The company entered the capital market on April 3, 2006 with an IPO.

Sun TV Ltd offers four Tamil language channels, including the flagship channel, Sun TV, and two Malayalam channels, including Surya TV.

Currently, Sun TV, KTV and Sun Music are the three leading channels in Tamil Nadu in terms of audience shares. It also operates leading Tamil radio stations under the name Suryan FM and has won 45 FM stations through Kal Radio and South Asian FM.

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