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Deccan Chronicle Holdings registers loss of Rs 100 crore in September quarter

22 Jan 2013 Evaluate

Secunderabad-based Deccan Chronicle Holdings (DCHL) continued to bleed in the quarter ended September 30. The company posted a net loss of Rs 100.05 crore against net profits of Rs 21.09 crore in the corresponding previous quarter. The company's net sales during the quarter declined by 37.27% at Rs 141.67 crore compared with Rs 225.81 crore in the same quarter last year. In April-June quarter too, company had reported a massive net loss of Rs 166 crore. For the extended financial year ended September 30, 2012, the company has closed with a loss of Rs 104 crore against net profit of Rs 162.58 crore in the previous fiscal.

Deccan Chronicle Holdings is one of the leading publication houses in Andhra Pradesh (AP). Its publications include Deccan Chronicle, Andhra Bhoomi and Financial Chronicle.

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