Raj Television Q3 net profit soars 54.1 pc

Raj Television Network has reported a 54.1 per cent increase in net profit to Rs 4.98 crore for the third quarter ended December 31, 2013.
The Chennai-based broadcaster had a net profit of Rs 3.23 crore during the corresponding period of previous year.
Income from operations for the third quarter rose to Rs 24.91 crore from Rs 17.45 crore during the year ago period, according to a BSE filing.
The Board of directors during a meeting held on January 28, 2014, recommend an interim dividend of 5 per cent (Rs 0.50 per equity share), which shall be paid on or after February 20, 2014, the company said in a separate filing.

Shares of the company closed at Rs 540.70 apiece up by 1.54 per cent over previous close in the BSE.