The publisher of newspaper dailies Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar, Divya Marathi and DNA, DB Corp has posted a loss before tax of Rs 7.35 crore in its Internet business segment for the quarter ended March 31. Losses continued to widen at the company, and increased from Rs 2.66 crore from the preceding quarter and from Rs 1.46 crore in the same quarter last year. The total Internet revenues were at Rs 8.95 crore for the quarter, more than double of the revenues posted by the segment last year which stood at Rs 4.03 crore. However, revenues were down 2.43% as compared to the preceding quarter from Rs 9.18 crore. The Internet segment however accounts for just 1.84 % of DB Corp’s operational income which was at Rs 485.60 crore for the quarter. The company’s print business still dominates its operational revenues, accounting for 92.34% DB Corp’s operational income for the quarter. Digital business highlights - Upgraded DB mobile app and the total app downloads reported were over 9 lacs within 1 year of launch. Last quarter the company launched a new concept app. Through the master app, user can consume content across all of DB Corp’s sites in three languages (Hindi, English and Gujarati). - Launched new websites - Fashi0n101.in, DBCric.com and Jeevanmantra.in. Fashion101.in is a multilingual fashion portal. Jeevanmantra.in is a lifestyle and wellness website. DBCric.com is a cricket website which features details of live matches. Other highlights – Total revenues up 7% year-on-year (YoY) to Rs 495.3 crore from Rs 462.2 crore in Q4. – Profit After Tax (PAT) increased 5% YoY to Rs 64 crore from Rs 61 crore. This excludes…
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