Sun TV Q2 Net down 8.68 per cent to Rs 154.47 crore

NEW DELHI: South-based television broadcaster Sun TV today reported a decline of 8.68 per cent in its net profit at Rs 154.47 crore for the second quarter ended on September 30, 2014.

The company had posted a net profit of Rs 169.16 crore during the same quarter of the previous fiscal, Sun TV said in a statement.

However, its total income during the during the quarter under review increased by 9.13 per cent to Rs 509.02 crore from Rs 466.41 crore during the July-September period of 2013-14.

For the first half of 2014-15, the company's net profit declined by 4.04 per cent to Rs 320.11 crore as compared to Rs 333.60 crore in the same period last year.

Sun TV's net sales during the six-month period increased by 6.95 per cent to Rs 1,142.60 crore as against Rs 1,068.26 crore in the same period of the previous fiscal.

Meanwhile, in a separate filing, the company informed that its board has approved an interim dividend of Rs 2.25 per share (45 per cent) on a face value of Rs 5 per share for the financial year 2014-15.

Share of Sun TV today closed at Rs 325.10 per scrip, down 1.60 per cent from its previous close on the BSE.