Deccan Chronicle Q3 net profit up 112%; forms JV with Group M
Deccan Chronicle Holdings has posted a net profit of Rs 102.94 crore for the quarter ended Dec 31, 2007, compared with Rs 48.44 crore in the year-ago quarter.
By INDIATIMES NEWS NETWORK |
MUMBAI: Deccan Chronicle Holdings has posted a net profit of Rs 102.94 crore for the quarter ended Dec 31, 2007, compared with Rs 48.44 crore in the year-ago quarter. This represents a growth of 112 per cent. Net sales for the Oct-Dec period was higher by over 47 per cent at Rs 216.20 crore compared to Rs 146.39 crore in the same quarter previous year.
The company has announced the formation of a joint venture with Group M (a WPP company), to explore the sport and event management space through its subsidiary Sieger Solutions Ltd.
The board has taken on record the winning bid of $107 million for Indian Premier League for Hyderabad team.
The company has also approved the launch of a financial daily and appointed Shubhrangshu Roy as chief operating officer.
The company has announced the formation of a joint venture with Group M (a WPP company), to explore the sport and event management space through its subsidiary Sieger Solutions Ltd.
The board has taken on record the winning bid of $107 million for Indian Premier League for Hyderabad team.
The company has also approved the launch of a financial daily and appointed Shubhrangshu Roy as chief operating officer.
| Value (Rs million) | UnAudited | UnAudited | UnAudited |
| Period Ending | 31-Dec-07 | 30-Sep-07 | 31-Dec-06 |
| No Of Months | 3 | 3 | 3 |
| Net Sales / Interest Earned / Operating Income | 2,162.00 | 1,877.70 | 1,463.90 |
| Other Income | 102.5 | 90.8 | 52.3 |
| Total Income | 2,264.50 | 1,968.50 | 1,516.20 |
| Expenditure | -749.1 | -699.9 | -755.6 |
| Operating Profit | 1,515.40 | 1,268.60 | 760.6 |
| Interest | -213.3 | -173.6 | -81.2 |
| Profit Before Depreciation and Tax | 1,302.10 | 1,095.00 | 679.4 |
| Depreciation | -70.9 | -66.3 | -44 |
| Profit before Tax | 1,231.20 | 1,028.70 | 635.4 |
| Tax | -201.8 | -202.7 | -151 |
| Net Profit | 1,029.40 | 826 | 484.4 |
| Equity Capital | 489.8 | 488.1 | 447.7 |
| Reserves | - | - | 2,801.60 |
| Basic And Diluted EPS after Extraordinary item | 4.21 | 3.38 | 11.34 |
| Nos. of Shares - Public | 95,800,295.00 | 94,967,340.00 | 14,373,958.00 |
| Percent of Shares-Public | 39.12 | 38.91 | 32.14 |
| Operating Profit Margin | 70.09 | 67.56 | 51.96 |
| Net Profit Margin | 47.61 | 43.99 | 33.09 |
| Cash EPS | 4.49 | 3.66 | - |
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