D. B. Corp. Limited Reports Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2017
July 20, 2017 at 04:13 am EDT
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D. B. Corp. Limited reported unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2017. For the quarter, the consolidated company reported revenue from operations of INR 5,942.91 million compared to INR 5,745.53 million a year ago. Profit before exceptional items and tax was INR 1,697.91 million compared to INR 1,607.84 million a year ago. Profit before tax was INR 1,697.91 million compared to INR 1,607.84 million a year ago. Profit for the quarter attributable to equity holders of the parent was INR 1,101.10 million or INR 5.98 per diluted share compared to INR 1,039.56 million or INR 5.64 per diluted share for the last year. EBITDA grew by more than 4% year over year at INR 1,933 million against INR 1,853 million a year ago. The improvement was primarily on account of prudent cost management and higher revenue generation.
For the quarter, the standalone company reported revenue from operations of INR 5,942.84 million compared to INR 5,744.77 million a year ago. Profit before exceptional items and tax of INR 1,699.60 million compared to INR 1,618.50 million a year ago. Profit before tax of INR 1,699.60 million compared to INR 1,618.50 million a year ago. Profit for the quarter of INR 1,102.79 million or INR 5.98 per diluted share compared to INR 1,050.22 million or INR 5.70 per diluted share for the last year.
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.