Sun Direct turns profitable at net level for full fiscal for first time

Technoglitch

Technoglitch

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Sun Direct, the DTH arm of the Kalanithi Maran-promoted Sun group, has turned profitable at the net level for the full fiscal for the first time. For the financial year ended 31 March 2017, Sun Direct posted a net profit of Rs 32.21 crore compared to a loss of Rs 35.30 crore a year ago. Total income stood at Rs 1,211.04 crore, up 8.46% from Rs 1,116.61 crore in FY16. The FY17 figures are provisional. Sun Direct does not officially announce its financial performance as it is not a listed company. Sun Direct was incurring losses till FY16. The DTH company, which is largely present in South India, narrowed its net loss in FY16 which stood at Rs 156.92 crore in the previous year. Total operating income grew 6.48% from Rs 1,048.62 crore in FY15. The rise in income was backed by growth in subscription income.

Sun Direct turns profitable at net level for full fiscal for first time | TelevisionPost.com | TelevisionPost.com
 
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