Summary:

Deccan Chronicle Holdings Ltd, publisher of dailies such as Deccan Chronicle, The Asian Age and Financial Chronicle, posted a net profit of…

Deccan Chronicle Holdings Ltd, publisher of dailies such as Deccan Chronicle, The Asian Age and Financial Chronicle, posted a net profit of Rs99.9 crore for the three months ended 30 September, up 120% year-on-year. Revenues grew 10.78% y-o-y to Rs250.85 crore.

The company made significant reduction in costs, especially in raw materials, owing to lower newsprint prices. Total expenditure was down 21.8% y-o-y at Rs122.34 crore.

2Q 2009 2Q 2008
EPS Rs4.10 Rs1.85
Net Profit Rs99.9 crore Rs45.27 crore
Revenue Rs250.85 crore Rs226.43 crore

For the half year ended 30 September, the company posted a net profit of Rs176.92, up 66.51% from the year-ago period. Revenues during this period grew 11.31% at Rs467.47 crore.

The board declared a second interim dividend of Re1 per share.

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