Sun TV Q2 net down 9% to Rs 154.47 cr

Company's net sales during the six-month period increased by 6.95%

South-based television broadcaster Sun TV today reported a decline of 8.68% 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% 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% 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% 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%) 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% from its previous close on the BSE.