Db Corp. Limited Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2013
July 19, 2013 at 02:30 am EDT
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D. B. Corp. Limited reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2013. For the quarter, on standalone basis, the company's net sales were INR 4,193.74 million against INR 3,499.51 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,202.35 million against INR 672.11 million a year ago. Profit from ordinary activities before tax was INR 1,221.78 million against INR 680.83 million a year ago. Net profit was INR 791.52 million or INR 4.31 diluted per share against INR 458.72 million or INR 2.50 diluted per share a year ago. EBIDTA margins stood at 29.4%, with EBIDTA of INR 51 million.
For the quarter, on consolidated basis, the company's net sales were INR 4,220.39 million against INR 3,523.12 million a year ago. Profit from ordinary activities before tax was INR 1,191.08 million against INR 658.31 million a year ago. Net profit was INR 760.82 million or INR 4.14 diluted per share against INR 436.20 million or INR 2.38 diluted per share a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,170.73 million against INR 649.91 million 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.