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Business Daily from THE HINDU group of publications Wednesday, January 23, 2008 |
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News Update as at 18.00 hrs (IST)
Corporate Results Sun TV consolidated net up 71% at Rs 102.30 cr MUMBAI: Sun TV Network Ltd has posted a profit after tax of Rs 102.30 crore for the third quarter ended December 2007 as compared to Rs 59.77 crore shown during the same quarter in 2006. Total income for the quarter has improved to Rs 232 crore against Rs 125.02 crore shown during the year-ago period. The petition for amalgamation of the erstwhile Gemini TV Pvt Ltd ('GTPL') and the Satellite Television business of Udaya TV Pvt Ltd ('UTPL') was sanctioned by the Madras High Court on March 29, 2007. Accordingly, the financial results for the quarter end ed December 31, 2007 and year ended March 31, 2007 include the results of GTPL and the demerged undertaking of UTPL and are therefore, not comparable with corresponding quarter and nine months period of the previous year.
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