Sanguine Media records Rs 82.09 lakh net profit

Chennai, Jan 31 (UNI) Sanguine Media Ltd, city-based Media Company engaged in Television software production, marketing and events management has registered a net profit of Rs 82.09 lakh for the quarter ended December 31, 2006, registering a growth of 48.76 per cent over the corresponding period of previous year.

The company had achieved a turnover of Rs 462.69 lakh during this period, registering a growth of 22 per cent over the corresponding period last year, a company release here said adding that it had also allotted 12 lakh Equity Shares on preferential basis during this quarter to various individuals.

"The ad-spend by Corporates have increased by 30-35 per cent and the market remains buoyant. This should enable to sustain this growth in Media Business" said D V Vinod, MD and CEO, Sanguine Media Ltd.

Mr Vinod said the company has recently forayed into Rural Marketing services providing promotional distribution services, combining logistics, promotion and communication support for rural outreach activities.

This is backed by the company's core management team having eminent media and marketing personnel to provide brand equity solutions and below-the-line promotions.

UNI