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Our Bureau

Chennai, Aug. 1 Sun TV Network Ltd has reported a 120 per cent jump in net profits for the quarter ended June 30, at Rs 93 crore from Rs 42 crore recorded in the corresponding quarter last year. Total income has gone up to Rs 217 crore (Rs 99.04 crore).

Consequent to the merger of Udaya TV and Gemini TV with the company early this year, the company has allotted 2.96 crore shares of Rs 10 each to the shareholders of Gemini TV Pvt Ltd and Udaya TV Pvt Ltd.

As a result, the public shareholding has come down to 6.99 per cent from 10 per cent earlier, and the paid-up share capital has gone up to Rs 98.52 crore from Rs 68.89 crore in the previous corresponding quarter. Despite the expanded capital base, earnings per share increased to Rs 2.36 from Rs 1.09 for each share of Rs 5.

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