BackDB Corp posts 27.6% rise in profit in third quarter
Advertising revenue from print media businesses increased to `341.2 cr from `305.9 cr a year earlier
Premium(Abhijit Bhatlekar/Mint)
Mumbai: DB Corp Ltd, the publisher of Hindi daily Dainik Bhaskar, said profit rose 27.6% to ₹ 70.62 crore in the quarter ended December from a year earlier.
The company’s total income, including units, grew 11.15% to ₹ 438.88 crore.
Advertising revenue from print media businesses increased to ₹ 341.2 crore in the third quarter from ₹ 305.9 crore a year earlier.
“Following the past few quarters of sluggish economic growth and subdued sentiment, I believe this quarter heralds better tidings on the back of an improved economic environment that has also spurred the momentum of media ad spend over the last few months – a trend that may continue," said Sudhir Agarwal, managing director, DB Corp Ltd.
Some products of HT Media Ltd, Mint’s publisher, compete with those of DB Corp. in some markets.
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