SUN TV Network reports 23.41% revenue growth
Subscription revenue for the quarter ended September 30, 2018 was up by 21.3% at Rs 339.79 crore
SUN TV Network Limited results for the quarter ending September 30, 2018, reported revenue growth of 23.41% in standalone net profit at Rs 351.32 crore as against Rs 284.67 crore to the corresponding quarter ended on September 30, 2017. The Board of Directors have declared an interim dividend of Rs.2.50 per share (50%) at their Board meeting held on November 2, 2018. Their total income was up by 13.8% at Rs 811.67 crore as against Rs 713.13 crore in the corresponding period last year.
Their Profit Before Tax for the current quarter was up by 23.9% at Rs 533.63 crore as against Rs 430.57 crore for the quarter that ended on September 30, 2017.
The subscription revenue for the quarter was up by 21.3% at Rs 339.79 crore, as against Rs 280.05 crore for the corresponding quarter ending on September 30, 2017.
Based on internal reporting provided to the chief operating decision maker, “Media and Entertainment” is the only reportable segment for the Company. This is in addition to the interim dividend of Rs.5.00 per share (100%) declared at the Board meeting held on August 10, 2018. The results for the six months ended September 30, 2018 includes income from the Company's IPL franchise "Sun Risers Hyderabad" of Rs.386.28 crore (six months ended September 30, 2017 - Rs. 143.20 crore) and costs of Rs.187.20 crore (Six months ended September 30, 2017 - Rs.165.82 crore)
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