Sun TV Q1 net profit up 52% to Rs 422.3 million

Sun TV Q1 net profit up 52% to Rs 422.3 million

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MUMBAI: Sun TV has posted a net profit of Rs 422.30 million for the quarter ended 30 June, 2006 as compared to Rs 277.90 million for the corresponding period last year.

Meanwhile, the company's the total income for the period has recorded an increase of 32.5 per cent.

As per a statement issued by the company, the total income has increased from Rs 746.80 million for the quarter ended 30 June, 2005 to Rs 990.40 million for the quarter ended 30 June, 2006.

Inspired by the impressive results, the Sun TV scrip recorded a jump of Rs 53.65 (4.85 per cent) at the BSE to close at Rs 1159.70. At the National Stock Exchange (NSE), the scrip gained Rs 50.80 to close at 1,158.75.