Sanguine Media's net up 65%

Chennai, June 11 (UNI) City-based Sanguine Media Limited, a leader in providing Rural Marketing Services, TV software marketing, production, event management and voice translation for media, has registered a net profit of Rs 180.13 lakh for 2006-07, a 65 per cent jump compared to its last year's net profit of Rs 109.30 lakh.

During 2006-07, Sanguine's total income rose to Rs 1,592.81 lakh from Rs 1,327.19 lakhs in the previous year and the diluted Earning Per Share of the company went up to Rs 2.96 from Rs 2.03.

Currently the company's shares were being traded at Rs 40-45, a company release here today said.

Sanguine had allotted 12 lakh shares to individual investors on preferential basis at a premium of Rs 16.65 per share.

It has also issued 4.70 lakh equity shares on preferential basis to Godavari Ads Pvt Limited for the latter's takeover of business, the release added.

UNI