The board of directors of HT Media, which met today, approved a proposal to split stock in the ratio of 1:5 i.e one share of Rs 10 would be split into five shares of Rs 2 each.According to a release issued by the company to the BSE today, the board meeting also approved the demerger of the content creation for websites and syndication division of Go4i.com (India) subject to necessary approvals.HT Media today reported a 235% increase in net profit at Rs 26.90 crore for the quarter ended September 30, 2006 when compared with Rs 8.01 crore in Q2FY06.According to an official release issued today, net sales increased to Rs 249.93 crore from Rs 194.18 crore in Q2FY06.
