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BSE: N.A. Sector: N.A.
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan
NSE 05:30 | 01 Jan

. () - Chairman Speech

Company chairman speech

DECCAN CHRONICLE HOLDINGS LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT Dear Shareholders, Your company has had a verysignificant year in terms of its geographical spread as far as the core print business is concerned by entering and publishing from Kerala, we have completed the last mile in coverage of thefour states of South India and have emerged as the undisputed no. 1 English daily in South India. The growth in revenues this fiscal has been challenging both for your company and the nation that is grappling with high inflation, high interest rates and a looming threat of slowdown in the GDP growth coupled with not so encouraging global economic environment as well. This has been a further daunting task in the face of political uncertainties in the southern states that your company operates in. We have also witnessed a rising raw material cost that has not helped the situation. Despite these, the management of your company and its committed team has achieved satisfactory results and have made constant innovation to mitigate the risks. After three years, Deccan Chargers has a new team which is young in its median age and committed to improve on the previous teams performance going forward. As I pen this letterto you, the country has had a good monsoon and we are seeing decline in commodities prices which signal tapering inflation and pause to interest hikes which will increase consumer spend and growth, that gives us the confidence that from the last quarter of 2011 and first quarter of 2012 wewill see the start of an up tick in revenues & profit ability. I take this opportunity to thank the support of your board of directors, suppliers, employees and our millionsof readers. Sincerely, T. Venkattram Reddy Chairman