Media house DB Corp on Tuesday detailed 55.83 percent decrease in merged net benefit at Rs 24.05 crore for March quarter 2019-20 because of the effect of COVID-19.The organization had posted a benefit of Rs 54.45 crore in January-March a year back, DB Corp said in an administrative recording.
Income from activities was down 17.30 percent to Rs 486.65 crore during the quarter under survey as against Rs 588.52 crore in the year-prior period.
The across the nation lockdown drove by the episode of COVID-19, made a quick interruption organizations, affecting incomes towards the finish of Q4FY20 and proceeding in Q1FY21. Be that as it may, the Group’s difficult work throughout the years has guaranteed that our money related and showcase position stays solid to withstand such testing time,” Managing Director Sudhir Agarwal said.
All out costs of the firm were at Rs 457.82 crore in March quarter 2019-20, down 10.31 percent from Rs 510.50 crore prior. ..
Income from printing, distributing and united business was at Rs 455.04 center, down 17.23 percent from a similar period a year back.
Income from the radio was at Rs 31.82 crore, down from Rs 38.77 crore in January-March 2018-19.
In 2019-20, DB Corp’s net benefit was down 9.44 percent to Rs 247.97 crore.
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