Sun TV FY'08 consolidated net up 36% at Rs 3.26 billion

Sun TV FY'08 consolidated net up 36% at Rs 3.26 billion

MUMBAI: Sun TV Network has posted a consolidated net profit of Rs 3.26 billion for the year ended 31 March 2008, up 36 per cent as compared to Rs 2.46 billion in the last fiscal.

During the period, the company‘s total income has increased to Rs 9.25 billion from Rs 7.19 billion in the year ago period.


The company says that the surge in Ebitda and Pat (profit after tax) margin is borne out of robust revenue growth from advertising and incremental revenue from direct-to-home (DTH) subscription.


From February the company has increased its ad rates and slot fees (broadcast fees) recieved from the content producers.


On a stand alone basis, Sun TV Network‘s net profit stands at Rs 3.66 billion, a surge of 32.8 per cent from Rs 2.46 billion in the last fiscal.


Total income has increased to Rs 9.25 billion in FY08, from Rs 7.26 billion in the year ago period.


In April 2007, Sun TV Network launched a Tamil kids channel Chutti TV. In August, the company‘s subsidiary South Asia FM entered into strategic alliance with Red FM to further its FM radio broadcasting business in the North, West and East Indian markets.

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