Sun TV posts Rs 164.44 cr profit in Q1

Net sales of the Kalanidhi Maran-owned Sun Television Network in the quarter under review was Rs 601.85 crore,an increase of 41.36 per cent from 425.75 crore in the corresponding quarter last year,the company said in a BSE filing.

During the quarter,advertising revenue increased by 15 per cent to Rs 279.22 crore.

Overall expenses of the company was Rs 365.59 crore,up 86.47 per cent from Rs 196.05 crore in the same period last year.

The company said that its Board have declared an interim dividend of Rs 2.25 per share (45 per cent) on a face value of Rs five per share.

Shares of The Chennai-based television broadcaster closed at Rs 425.40 apiece at the end of day’s trade,up 4.29 per cent from the previous day’s close.