Sun TV Network, operating 20 satellite television channels across four languages — Tamil, Telugu, Kannada and Malayalam — has registered a growth in revenues and profits.
Addressing presspersons here on Friday, Ajay Vidyasagar, Chief Operating Officer, said the company had witnessed a strong growth in the 12 months ended March 31, 2010.
Total income was higher by 32 per cent at Rs. 1,437.52 crore against Rs. 1,091.52 crore in 2008-09. Other income accounted for Rs. 42.51 crore (nil).
Mr. Vidyasagar said the growth in revenues had been largely a function of the sustained advertising growth and subscription revenue contributed through a well-diversified mix of clients (national, regional and local) across multiple product categories.
The net profit improved by 30 per cent to Rs. 567.38 crore from Rs. 437.11 crore.
Pays Rs. 6 final dividend
The COO said the board had recommended a final dividend of Rs. 6 per share of Rs. 5 each in view of the silver jubilee year of the company. This was in addition to the interim dividend of Rs. 1.50 per share paid in January, making a total dividend of Rs. 7.50 per share for 2009-10 against Rs. 2.50 per share in 2008-09.
