Media firm DB Corp Thursday reported a 41.27 per cent decline in consolidated net profit at Rs 46.19 crore for the second quarter ended on September, 2018 on account of forex loss and circulation expansion.
The company had posted a net profit of Rs 78.66 crore during the July-September period a year ago, DB Corp said in a BSE filing.
"PAT stands at Rs 46.2 crore, against Rs 78.7 crore, in second quarter of last year; considering forex loss of Rs 6.2 crore and circulation expansion strategy related non-recurring expenditure of Rs 11 crore," the company said in a statement.
DB Corp's total income during the period under review stood at Rs 587.44 crore, up 2.83 per cent, as against Rs 571.27 crore during the corresponding period a year ago.
Its total expenses was at Rs 517.86 crore as against Rs 450.55 crore, up 14.93 per cent.
DB Corp's revenue from print and publishing of newspaper and periodicals was up 4.02 per cent to Rs 530.78 crore as against Rs 510.26 crore.
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While, revenue from Radio stood at Rs 37.66 crore, up 8.40 per cent, as against Rs 34.74 crore.
DB Corp owns newspapers -Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra Samachar.
Share of DB Corp Ltd was trading at Rs 164.70 on BSE, up 1.07 per cent from its previous close.
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