BENGALURU: DB Corp’s radio business comprising the brand MY FM that covers 7 states and 17 cities grew by 14 per cent to Rs. 17.5 crores in Q2-2014, against Rs. 15.4 crores in Q2 -2013. Like last quarter (Q1-2014), advertising revenue of radio contributed to less than 4 percent to the overall revenue.
DB Corp’s radio business in Q2-2014 achieved PAT of Rs. 1.9 crores, lower by 21 per cent than the PAT reported for the immediate last quarter’s (Q1-2014) Rs.2.4 crores. It’s radio business EBIDTA stands at Rs. 5.6 crores in Q2-2014.
Meanwhile, DB Corp), home to flagship newspapers like Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported a good result for Q2-2104 and H1-2014 . The total revenue has shown a growth of approximately 16 percent YOY to Rs. 441.8 crores in Q2-2013 against Rs. 382.3 crores of Q2 – 2013. However, its income from operations in Q2-2014 at 434.07 crores was 2.7 per cent lower that the Rs.446.15 crores in the preceding quarter-Q1-2014.
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