Deccan profit up 52%

BS 200 SCORECARD

Deccan Chronicle Holdings, owner of Andhra Pradesh's largest-circulated English daily Deccan Chronicle, posted a 52.23 per cent increase in net profit at Rs 48.44 crore in the third quarter ended December 2006, compared with Rs 31.82 crore in the same period last year.

The company's net sales rose 44.02 per cent to Rs 146.39 crore during the reporting quarter against Rs 101.64 crore in the comparable quarter a year ago, the company informed the stock exchanges today.

The company's board approved a stock split in the ratio of 1:5. This is subject to shareholders' approval.