Losses of the Internet business of DB Corp narrowed and the segment posted a loss before tax of Rs 5.38 crore for the quarter ended December 31 (Q3 FY16). The Internet segment had posted a loss before tax of Rs 6.91 crore in the preceding quarter. DB Corp is the the publisher of dailies such as Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar, Divya Marathi and DNA. The Internet segment’s revenues in Q3 FY16 increased 32.16% year-on-year to Rs 12.13 crore from Rs 9.18 crore in Q3 FY15. On a sequential basis, the Internet revenues increased 6.43% from Rs 11.4 crore in the preceding quarter. The Internet segment accounts for just 2.07% of DB Corp’s operational income which was at Rs 585.89 crore for the quarter. The company’s print business still dominates its operational revenues, accounting for 92.04% DB Corp’s operational income for the quarter.…
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