/ DB Corp Continues To Rally On The Back Of Strong Q3 FY17 Performance ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 20 January 2017

DB Corp, a print media company engaged in sale of newspaper and magazines, has grabbed the top position in the Nifty Media index. The stock of DB Corp has surged as much as 1.2%, and has outperformed the Media index, which is flat to positive. This was driven by strong December quarter ended numbers that it posted in the previous session during market hours.

Company’s consolidated advertisement revenue has grown 4% yoy to. Rs 453 crore, while circulation revenue has increased 9% yoy to. Rs 124.3 crore. Radio business advertisement revenue has grown 12% yoy to Rs 36.3 crore. Company’s PAT has grown 7% yoy to Rs 118.1 crore.

During January 2017, the company has launched MY FM in Nashik and Jalgaon along with launches in Aurangabad, Nanded, Sangli and Ahmednagar during December 2016. It also launched ‘The Great Indian Wedding’ online platform. These launches are expected to positively impact the further earnings.

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