DB Corp, the publisher of newspaper dailies Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar and Dainik Divya Marathi, has reported a loss before tax of Rs 1.46 crore in the Internet segment for the quarter ended March 31, 2014 (Q4-FY14). This is a significant improvement from Rs 3.16 crore loss in the same quarter last year but down from Rs 0.52 crore loss in the previous quarter. The total Internet revenue for the company was at Rs 4.3 crore for the quarter, registering a significant 117.2% growth from Rs 1.98 crore revenues in the same quarter last year. In the previous quarter, the Internet revenues were are at Rs 5.25 crore. For the year ended March 31, 2014, the Internet revenues was at Rs 16.13 crore, up 54% from Rs 10.8 crore in the previous year. The loss before tax was at Rs 7.4 crore, an improvement from 8.83 crore loss in the previous year. Internet Business Merger complete: DB Corp informed that the Internet and mobile interactive service business of I Media Corp Ltd (IMCL) has been demerged to merge it with the holding company DB Corp with effect from April 1, 2013. This merger was approved by the Madhya Pradesh High court on March 27, 2014. The company had previously received board approval for this in May 2013. Post this demerger, the company has de-recognized goodwill of Rs 35.6 crore on account of IMCL stake acquisition and it has been adjusted against the general reserve. Other Highlights - DB Corp continues to say it has a combined average…
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