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Media firm DB Corp reported 13.12 per cent decline in its consolidated net profit at Rs 59.16 crore during the second quarter ended September 30, 2015 due to higher tax expense.
The company had posted net profit of Rs 68.10 crore in the July—September period of the previous fiscal 2013—14, DB Corp said in a BSE filing.
Net sales of the company also declined marginally by 0.08 per cent to Rs 471.70 crore during the quarter under review from Rs 472.09 crore in the year—ago period.
Total advertising revenue declined by 4.90 per cent to Rs 343.3 crore (Rs 361 crore).
Revenue from printing and publishing of newspaper and periodicals also declined 1.57 per cent to Rs 442.23 crore (Rs 449.32 crore).
However, revenue from radio segment was up by 5.22 per cent during the quarter to Rs 23.96 crore as against Rs 22.77 crore.
DB Corp’s consolidated net profit for the first half of 2015—16 was also down 14.71 per cent to Rs 125.57 crore as against Rs 147.23 crore in same period of last fiscal.
Net sales during the first half of the current fiscal were also down 1.67 per cent to Rs 938.15 crore as against Rs 954.17 crore a year ago.
Shares of DB Corp ended flat at Rs 309.05 on the BSE.
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