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Sun TV declares interim dividend of Rs.5 per share

Source : IANS
Last Updated: Fri, Jan 28, 2011 15:20 hrs

Chennai, Jan 28 (IANS) The Sun TV Network Limited Friday declared an interim dividend of 100 percent (Rs.5) on its equity shares having a face value of Rs.5 after approving the accounts for the third quarter of the current fiscal and also the nine month period ended Dec 31.

The company's total income and net profit for the nine month period went up to Rs.1,492.81 crore and Rs.563.88 crore respectively as against Rs.1,037.17 crore and Rs.402.30 crore posted during the corresponding period last year, the Sun TV board said.

For the third quarter, Sun TV had posted a revenue of Rs.597.99 crore and a net profit of Rs.225.49 crore, up from Rs.312.52 crore and Rs.151.94 crore respectively earned during the corresponding period of the previous fiscal, a company official said.

According to the official, the company has recognised Rs.151 crore as the revenue in this quarter from its blockbuster movie 'Enthiran'/'Robot'.

Even excluding the revenue from the film, the total revenue is around Rs.447 crore for the third quarter, showing a growth over the second quarter revenue of Rs.424 crore, company officials told IANS.



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