DB Corp maintains robust financial growth figures
DB Corp's fourth quarter consolidated net profit was up at Rs 55.3 crore against Rs 45.4 crore, a year ago. It also consolidated total income to Rs 398 crore versus Rs 353.2 crore in 2012. One of the foremost media conglomerate in India saw a 12% hike in total revenue generated in Q4 compared to the Q4 results of the last fiscal year, while advertising income and circulation figures also jumped by 13% and 18% respectively during the same period.
23 May 2013 | By Mihir Joshi
DB Corp maintains robust financial growth figures
DB Corp’s print business also showed encouraging growth, with 28% year-on-year growth, while profit after tax for the fiscal year stood at Rs 57.6 crore. According to the latest IRS (Indian Readership Survey) figures DB Corp, which publishes eight newspapers with 65 editions, 199 sub-editions in four languages (Hindi, Gujarati, English and Marathi) across 13 states in India, has 19.8 million daily readers.
The company’s other business interests includes the radio segment through the brand "My FM" Radio station with presence in seven states and 17 cities, and a strong online presence in internet portals.
The board of D B Corp has recommended final dividend of Rs 3.50 per equity share of face value of Rs 10 for the fiscal year ending 31 March 2013.
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