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DB Corp Internet Revenues Up 25.8% YoY To Rs 4 Cr In Q2-FY14; Losses Up

DB Corp, the publisher of newspaper dailies Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar and Dainik Divya Marathi, has reported increased Internet revenues of Rs 4 crore for the quarter ended September 30, 2013 (Q2-FY14), up 25.8% from Rs 3.18 crore revenues in the same quarter last year and up 55.6% from Rs 2.57 crore in the previous quarter. However, the loss before tax has also increased to Rs 2.31 crore, up from Rs 1.61 crore loss in the same quarter last year but an improvement from Rs 3.2 crore loss in the previous quarter. Board Approval For Internet Business Demerger: DB Corp also informed that it has received board approval in May 2013 for the demerger of its integrated Internet and Mobile Interactive services business from its digital arm I Media Corp Ltd (IMCL) to merge it with the holding company DB Corp…

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