Sun TV Network today reported a net profit of Rs 102.30 crore for the third quarter ended December 31, 2007 as against Rs 59.77 crore in Q3FY07.According to a release issued to the BSE today, total income was Rs 231.99 crore for the quarter ended December 31, 2007 as against Rs 125.02 crore for the quarter ended December 31, 2006."The petition for amalgamation of the erstwhile Gemini TV Pvt Ltd ('GTPL') and the Satellite Television business of Udaya TV Pvt Ltd ('UTPL') was sanctioned by the Hon'ble High Court of Judicature at Madras, on March 29, 2007, with an appointed date of April 01, 2006. Accordingly, the financial results for the quarter ended December 31, 2007 and year ended March 31, 2007 include the results of GTPL and the Demerged Undertaking of UTPL and are therefore, not comparable with corresponding quarter and nine months period of the previous year, which does not include the figures of erstwhile GTPL and the Demerged Undertaking of UTPL. Previous periods / years figures have been regrouped / reclassified wherever necessary to conform to current period's classification," the release added.
