Friday, July 31, 2009

Lower newsprint costs boosted PAT: Deccan Chronicle

Deccan Chronicle Holdings declared its first quarter numbers for the financial year 2010. Its net sales came in at Rs 216.6 crore and its net profit stood at Rs 77 crore.
Speaking on the company’s results, PK Iyer, Managing Director of Deccan Chronicle said though the volumes were down on year-on-year basis, they were cautiously optimistic about the future. “Lower newsprint costs boosted net profit,” he added.

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