D. B. Corp. Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and First Six Months Ended September 30, 2016
October 20, 2016 at 03:41 am EDT
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D. B. Corp. Limited reported unaudited standalone and consolidated earnings results for the second quarter and first six months ended September 30, 2016. For the quarter, on standalone basis, the company's net sales/income from operations was INR 5,210.57 million compared to INR 4,717.22 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,298.31 million compared to INR 887.39 million a year ago. Profit from ordinary activities before tax was INR 1,335.21 million compared to INR 914.14 million a year ago. Net profit was INR 894.96 million or INR 4.68 per diluted share before and after extraordinary items compared to INR 577.15 million or INR 3.07 per basic and diluted share before and after extraordinary items a year ago.
For the first six months, on standalone basis, the company's net sales/income from operations was INR 10,821.29 million compared to INR 9,382.09 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,908.94 million compared to INR 1,887.19 million a year ago. Profit from ordinary activities before tax was INR 2,953.71 million compared to INR 1,956.74 million a year ago. Net profit was INR 1,945.18 million or INR 10.37 per diluted share before and after extraordinary items compared to INR 1,226.82 million or INR 6.61 per diluted share before and after extraordinary items a year ago.
For the quarter, on consolidated basis, the company's net sales/income from operations was INR 5,210.29 million compared to INR 4,717.01 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,289.51 million compared to INR 877.68 million a year ago. Profit from ordinary activities before tax was INR 1,325.41 million compared to INR 904.66 million a year ago. Net profit was INR 885.16 million or INR 4.63 per diluted share before and after extraordinary items compared to INR 567.67 million or INR 5.64 per diluted share before and after extraordinary items a year ago.
For the first six months, on consolidated basis, the company's net sales/income from operations was INR 10,820.43 million compared to INR 9,381.57 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,890.18 million compared to INR 1,870.55 million a year ago. Profit from ordinary activities before tax was INR 2,933.25 million compared to INR 1,210.65 million a year ago. Net profit was INR 1,924.72 million or INR 10.26 per diluted share before and after extraordinary items compared to INR 1,210.65 million or INR 6.51 per diluted share before and after extraordinary items 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.
D. B. Corp. Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and First Six Months Ended September 30, 2016