D. B. Corp Limited Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2014
May 12, 2014 at 09:10 am EDT
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D. B. Corp. Limited announced audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2014. For the quarter, the standalone company reported net sales of INR 4,559.83 million compared with INR 3,880.06 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 821.00 million compared with INR 825.57 million for the same period a year ago. Profit from ordinary activities before tax was INR 888.63 million compared with INR 925.39 million for the same period a year ago. Net profit was INR 701.78 million or INR 3.82 per diluted share before and after extraordinary items compared with INR 617.92 million or INR 3.37 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the full year, the standalone company reported net sales of INR 18,297.61 million compared with INR 15,475.00 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 4,355.09 million compared with INR 3,294.50 million for the same period a year ago. Profit from ordinary activities before tax was INR 4,518.37 million compared with INR 3,437.43 million for the same period a year ago. Net profit was INR 3,062.85 million or INR 16.68 per diluted share before and after extraordinary items compared with INR 2,306.06 million or INR 12.56 per diluted share before and after extraordinary items for the same period a year ago.
For the quarter, the consolidated company reported net sales of INR 4,468.17 million compared with INR 3,896.59 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 881.44 million compared with INR 789.11 million for the same period a year ago. Profit from ordinary activities before tax was INR 947.89 million compared with INR 858.31 million for the same period a year ago. Net profit was INR 759.20 million or INR 4.13 per diluted share before and after extraordinary items compared with INR 551.57 million or INR 3.01 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the full year, the consolidated company reported net sales of INR 18,305.62 million compared with INR 15,594.31 million for the same period a year ago. Profit from operation before other income, finance cost and exceptional items was INR 4,360.38 million compared with INR 3,204.07 million for the same period a year ago. Profit from ordinary activities before tax was INR 4,523.65 million compared with INR 3,312.97 million for the same period a year ago. Net profit was INR 3,066.29 million or INR 16.70 per diluted share before and after extraordinary items compared with INR 2,181.15 million or INR 11.88 per diluted share before and after extraordinary items for the same period a year ago.
D.B. Corp Limited is an India-based print media company, which is engaged in the sale of newspapers and magazines, and advertisement revenue. The Company also has a presence in the radio and digital sectors. The Company's principal business activities include print, radio, and digital. The Print Business includes newspaper, magazines and printing job work. Its Magazines & Supplements include Aha! Zindagi, Bal Bhaskar, Young Bhaskar, Madhurima, Navrang, Kalash, Dharmdarshan, Rasik and Lakshya. The Radio Business includes the broadcasting of radio 94.3 my Frequency modulation (FM). Its brands in publishing business include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarati dailies), Divya Marathi (Marathi daily) and DB Star. The Digital business includes the Websites dainikbhaskar.com, divyabhaskar.com, divyamarathi.com, homeonline.com, and moneybhaskar.com.