Advertising revenues continued to pour into regional broadcaster Sun TV Network's channels through the quarter ended September 2009, with the company reporting a sequential rise of 8.98% in standalone net profits to Rs 1305.6 million on revenues which rose 11.38% to Rs 3,203.9 million. Sun TV Network, owned by Kalanithi Maran, runs two dailies, a radio network, TV channels and a DTH division Sun Direct. Compared to Sep08 quarter, it has shown a 20.54% rise in net profits and 34.69% increase in revenues in Sep09 quarter. It has reported a year on year rise of 36.47% in EBITDA to Rs. 2,435.6 million and an EPS of Rs. 3.31. From proceeds of its IPO, Rs. 3557.7 million has been used to capitalise its subsidiaries, Rs. 863.2 million for launching new channels and purchasing/upgrading equipment and Rs. 623.4 million for constructing a corporate…
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