DB Corp has announced its financial results for the quarter ended June 30, 2017. The company publishes leading dailies such as Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar. The highlights of the Companyâ€™s operational and financial performance are as follows:
Performance highlights for Q1 FY 2017-18 - Consolidated
Commenting on the performance for Q1 FY 2017-18, Sudhir Agarwal, Managing Director, DB Corp Ltd said, â€śWe're pleased with overall results in the first quarter in spite of a higher base in the corresponding period of last fiscal which conveys that the DBCL team has been working hard to deliver success. We will continue to rigorously execute our strategy program to further strengthen our innovation power, customer proximity and reader engagement efforts in all markets, as also our internal efficiencies. We have undertaken several strategic growth and expansion initiatives in all markets across print, digital and radio platforms and the current focus is on ensuring implementation, consolidation and monetisation of these endeavours.â€ť
â€śWe are encouraged by our achievements and excited about the opportunities ahead as we continue to provide valuable platform to bring corporates closer to our readers The Union government has been making significant reform-led efforts towards encouraging investment and improving the business climate. The recent launch and implementation of GST will be a positive for India in the long term as the country gradually transforms to improved tax compliance, administration, ease of doing business, unifying the national market, all of which will be positive for India's credit profile. On an overall basis, an improvement in the global economy, stable commodity prices, normal monsoon prospects, positive impact of pay commission reforms are good signals that India is geared for strong growth going forward,â€ť he added.
Q1 FY 2017-18 financial results highlights: (comparisons with Q1â€™ 17 & Q4â€™ FY17)
An analysis and break-up of Mature and Emerging Business financials on a quarterly basis is given below. We classify emerging business as those which are below 4 years of age or profitable since last 4 quarters, whichever is earlier.
* Emerging Business, includes Bihar & small part of Maharashtra, besides Mobile App & E-real Estate Business