Media company DB Corp today posted a nearly 15 per cent decline in its consolidated net profit at Rs 61 crore for the quarter ended June 30,2011. This is against a net profit of Rs 71.6 crore in the same period last year,DB Corp said in a filing to the Bombay Stock Exchange. Total income stood at Rs 353.7 crore for the June quarter as against Rs 298.6 crore in the same quarter last fiscal,up 18.45 per cent. DB Corp runs publications like Dainik Bhaskar,Divya Bhaskar,Saurashtra Samachar and Business Bhaskar. In a separate filing,the company said its board has approved acquisition of 60 per cent of the paid-up capital of Divya Prabhat Publications. "The Board of Directors has considered and accorded their in-principle approval for acquisition of 60 per cent of the paid up share capital of Divya Prabhat Publications for Rs 1.2 crore," the filing said. The stake in Divya Prabhat Publications is presently held by Sudhir Agarwal,one of the promoters of D B Corp. Divya Prabhat Publications publishes 'Prabhat Kiran',an afternoon newspaper from Indore,Madhya Pradesh.
