D B Corp's Q4 net up 56% to Rs 37 c

Hindi newspaper publisher D B Corp today said its consolidated net profit grew by 56.54 per cent to Rs 36.71 crore in the fourth quarter ended March 31, 2010, over the corresponding period a year ago.

The company had a consolidated net profit of Rs 23.45 crore in the same period last fiscal, D B Corp said in a filing to the Bombay Stock Exchange (BSE).

Consolidated total income increased to Rs 257.16 crore in the quarter under review from Rs 235.77 crore in the same period last year.

For the year ended March 31, 2010, the company's consolidated net profit rose to Rs 182.80 crore from Rs 47.62 crore in the 12-month period last fiscal.

Consolidated total income surged to Rs 1,062.95 crore in the year under review from Rs 960.98 crore a year ago.

In the March quarter, standalone net profit climbed to Rs 40.94 crore from Rs 28.07 crore in the same period last fiscal.

Standalone total income jumped to Rs 247.14 crore in the quarter under review from Rs 227.96 crore in the same period last year.

The board of directors has recommended a final dividend of Rs 1.25 per share for the year ended March 31, 2010.

The aforesaid final dividend is in addition to the interim dividend of 75 paise per equity share declared and paid in March for FY'10.

Shares of the company closed at Rs 235, down 0.23 per cent from the previous close on the BSE.