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Sun TV Q4 profit falls 24%

Posted by sandhyaravii on May 26, 2012

Sun TV Network reported a fall of 23.67% innet profit to Rs 1.59 billion for the quarter ended Mar. 31, 2012,  as compared to net profit of Rs 2.08 billion in the same period last year.

During the quarter, the company saw a fall of 7.27% in total income to Rs 4.27 billion from Rs 4.61 billion in the same quarter last year.

For the year ended Mar. 31, 2012, the company has posted 9.98% decreased in consolidated net profit to Rs 6.93 billion as compared toRs 7.70 billion for the year ended Mar. 31, 2011.

Total consolidated income has decreased 8.26% from Rs 20.14 billion for the year ended Mar. 31, 2011 to Rs 18.47 billion for the year ended Mar. 31, 2012.

The board of directors has recommended a final dividend of Rs 0.75 a share of face value of Rs 5 each (15%). This final dividend together with the interim dividend of Rs 8.75 a share of face value of Rs 5 each (175%) would result in a total dividend of Rs 9.50 a share of face value of Rs 5 (190%) for thefinancial year ended Mar. 31, 2012.

Shares of the company gained Rs 0.75, or 0.3%, to settle at Rs 251.05. The total volume of shares traded was 126,139 at the BSE (Friday).

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