Sun TV FY06 net profit up by 70%, declares 20% dividend

MUMBAI: Sun TV Limited has announced the financial result for the fiscal ended 31 March 2006. For the 2005-2006 fiscal, the company has reported 69.65 per cent increase in profit after tax at Rs 1302.3 million and revenues for the year are up at Rs 3219.1 million.

According to an official release, the program licence income has registered a growth of 101 per cent. The Earnings per share (EPS) is up 70 per cent at Rs 21 from Rs. 12.38 for the same period last year. The Board of Directors have recommended a dividend of 20 per cent for the year.

Inspired by the good FY06 performance, the Sun TV scrip closed at 1,083.60, recording a jump of Rs 38.10 at the Bombay Stock Exchange (BSE) today. At the National Stock EXchange (NSE), it ended the day's trade at 1,085.50 with a gain of Rs 35.30.

Sun TV had entered the capital market on 3 April 2006 with an IPO. Sun TV Ltd. offers four Tamil language channels, including the flagship channel, Sun TV and two Malayalam channels, including Surya TV. It also operates leading Tamil radio stations under the name Suryan FM.

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