Sun TV posts 41 percent profit growth

Chennai, Oct 28 (IANS) Regional satellite channel major Sun TV Network Ltd. on Wednesday said it closed the second quarter of FY16 with 41.37 percent growth in net profit.

In a statement issued here, the company said it has posted a net profit of Rs.218.38 crore for the period under review, up from Rs.154.47 crore posted during the quarter ended September 30, 2014.

Sun TV said its total income went up to Rs.588.44 crore for the second quarter of the current fiscal up from Rs.531.22 crore earned for the quarter ended September 30, 2014.

According to Sun TV, for the quarter ended September 30, 2015, the advertisement revenue was up by 15.80 percent at Rs.301.37 crore, as against Rs.260.26 crore for the corresponding quarter ended September 30, 2014.

The subscription revenue for the quarter was up by 9.99 percent at Rs.197.42 crore, as against Rs.179.48 crore for the corresponding quarter ended September 30, 2014.

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