Deccan Chronicle FY '08 net up 84%

Written by Agencies | Mumbai, June 30: | Updated: Jun 30 2008, 16:05pm hrs
Deccan Chronicle Holdings, publisher of English dailies such as Deccan Chronicle and Asian Age, on Monday posted consolidated net profit of Rs 303.65 crore for the year ended March 31, 2008, a 83.74 per cent increase over the previous year.

The group had posted a net profit of Rs 165.26 crore for the year ended March 31, 2007, Deccan Chronicle said in a filing to the Bombay Stock Exchange.

Total income of the group increased to Rs 934.34 crore for the year ended March 31, 2008 from Rs 622.03 crore a year ago.

Meanwhile, the board of directors of the company declared a final dividend of Rs 2 on shares of Rs 2 each (100 per cent) for the financial year ended March 31, 2008 in addition to interim dividend of Rs 1 per share paid.

Thereby making a total dividend of Rs 3 per share of the face value of Rs 2 (150 per cent) for the year, the company added.

On a standalone basis, the company reported a net profit of Rs 271.94 crore for the year ended March 31, 2008 as against Rs 161.36 crore last year and the total income increased to Rs 820.25 crore in the fiscal year 2007-08 from Rs 585.19 crore a year ago.

Shares of the company were trading at Rs 115.95, up 3.80 per cent on the BSE in morning trade.