Sun TV Network Gains 3 Percent Post Q3 Numbers

Shares of Sun TV Network gained 3.2 percent intraday on the back of strong performance in the quarter ended December 2017. The company has posted 11 percent jump in its Q3 FY18 net profit at Rs. 266.97 crore against Rs. 240.09 crore in the same quarter last year. The company board at its meeting declared a third interim dividend of Rs. 2.5 per equity share of Rs. 5 each (i.e., 50 percent) for the financial year 2017-18. The company has entered a high-growth phase, which is driven by revival in advertisement revenue growth.

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