News Broadcasting
Sun TV clocks net profit growth of 11 %
New Delhi: Television broadcast major Sun TV Network Ltd on Friday said it closed last fiscal with 11 per cent growth net profit of about Rs 1,520.41 crore on reduced revenue.
The company recorded a net profit of about Rs 1,520.41 crore last fiscal up from a net profit of about Rs 1,371.83 crore in FY20.
While the advertisement revenue dropped for the year, the network recorded significant gain on subscriptions. According to the company, the total advertising revenue for the year stood at Rs 994.03 crore, compared to Rs 1336.01 crore in the previous year ended 31 March 2020.
However, the subscription revenues for the year were up about 10 per cent and stood at about Rs 1,721.48 crore, as against about Rs 1,562.23 crore for the previous year ended 31 March, 2020.
According to the company, the total revenue was about Rs 3,388.03 crore last year, down from Rs 3,653.35 crore earned in FY20.
