Sun TV Network profit up 19% as depreciation falls steeply

suntvSun TV Network profit rose by 19% to Rs 233.06 cr due to a sharp fall in depreciation costs.

Depreciation and amortisation charges fell by around Rs 30 cr while net profit increased by Rs 37 cr. Revenue growth was muted at 10%.

Subscription revenue grew by 22% to Rs 232.13  cr, but the company did not disclose advertising revenue growth.

Subscription revenue for their cable TV and DTH services grew by 37% and 16% respectively.

Total revenue increased by 10% to 760.8 cr from Rs. 689 cr last year.

Earnings per share (EPS) grew by 19% to Rs 5.91 from Rs 4.97.