Media firm DB Corp net profit drops 3.17 pct at Rs 75 cr in Q3

Media firm DB Corp Wednesday reported 3.17 per cent decline in consolidated net profit at Rs 75.62 crore for the December quarter 2018. The company had posted a net profit of Rs 78.1 crore in October-December period a year ago.

Total income during the period under review was at Rs 661.63 crore, up 10.91 per cent year-on-year, DB Corp said in a BSE filing. Advertising revenue of the company was at Rs 481.3 crore as against Rs 426.1 crore in December quarter of 2017-18. Circulation revenue during the reported quarter rose 3 per cent to Rs 130.1 crore from Rs 126.2 crore a year ago. Shares of DB Corp were trading at Rs 178.60 apiece on BSE, down 0.31 per cent from the previous close.