Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Sun TV Network quarter net profit up 13.1% at Rs 189 crore

May 17 2013, 17:16 IST
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SummarySun TV Network has reported 13.1 per cent jump in net profits at Rs 189.88 crore for the third quarter ending December 31, 2012

Sun TV Network has reported 13.1 per cent jump in net profits at Rs 189.88 crore for the third quarter ending December 31, 2012. The media baron Kalanithi Maran-owned company had reported net profits of Rs 167.88 crore during the corresponding period of previous year.

Total income from operations for the third quarter ending December 31, 2012 rose to Rs 485.86 crore from Rs 425.11 crore registered during the same period of previous year, Sun TV said in a BSE filing.

The company's board in its meeting today declared an interim dividend of Rs 2.50 per share (50 per cent), it said.

The company said its advertisement revenues for the quarter ending December 31, 2012 soared by 20 per cent to Rs 293 crore from Rs 244.23 crore registered during the corresponding period of last year.

The EBITDA for the quarter ending December 31, 2012 grew by 10.32 per cent to Rs 376.34 crore from 341.13 crore registered during the corresponding period of last year, it said.

Shares of the company were trading at Rs 433.50 apiece, up 2.22 per cent over their previous close in the late afternoon BSE.

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