Deccan Chronicle posts Rs 100 cr loss in Sep quarter

Deccan Chronicle Holdings reported a loss of around Rs 100 crore in its September quarter as compared to a profit of Rs 21 crore in the year-earlier quarter.

However, on a sequential basis, Deccan Chronicle has narrowed its losses from 166 crore in the June quarter.

Deccan Chronicle's results were announced just a day ahead of its scheduled suspension of its shares from NSE platform.

National Stock Exchange on January 15, 2012, said trading in shares of Deccan Chronicle Holdings on its platform will be suspended from January 23, as the company failed to submit financial results and shareholding pattern data.

NSE had said in a circular that the reasons for suspension of trading in shares of DCHL include non-compliance with certain provisions of listing agreement, which includes non-submission of shareholding pattern, corporate governance governance report, financial results and reconciliation of share capital audit report for July-September 2012 quarter.