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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