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Annual
Results FY07 (all comparisons with FY06)
o Revenues at Rs 622.98 crore, up by 27.95 % from Rs 486.88 crore
o EBIDTA at Rs 144.64 crore, up by 89.06 % from Rs 76.50 crore
o PAT at Rs 76.22 crore, up by 140.45% from Rs 31.70 crore
o EPS of Rs 12.65, higher by 103.12% from Rs 6.23
o EBIDTA margins increased to 23.22% from 15.71%
o Net margin increased to 12.24% from 6.51%
Q4 FY07 Results (all comparisons with Q4 FY06)
" Revenues at Rs 170.25 crore, up by 29.71% from Rs 131.25
crore
" EBIDTA at Rs 33.96 crore, up by 28.58% from Rs 26.41 crore
" PAT at Rs 18.09 crore, up by 42.53% from Rs 12.69 crore
" EPS (non-annualized) at Rs 3.00 as compared to Rs 2.49
New
Delhi, June 29, 2007: Jagran Prakashan Limited (JPL), publishers
of 'Dainik Jagran', India's largest read daily (Source: IRS 2007
Round 1), has reported total revenues of Rs 622.98 crore for FY07,
an increase of 27.95% as compared to Rs 486.88 crore in FY06. The
net profit was at Rs 76.22 crore, an increase of 140.45% from Rs
31.70 crore in the corresponding period. The EPS for the year was
Rs 12.65 as against Rs 6.23 at the end of FY06.
The
performance of the company in the last quarter of FY07 was commendable
with total revenues increasing by 29.71% to Rs 170.25 crore as compared
to Rs 131.25 crore in Q4 FY06. EBIDTA and net profit increased by
28.58% and 42.53% to Rs 33.96 crore and Rs 18.09 crore respectively
in the quarter ended March 31, 2007.
In
the last fiscal, JPL saw significant revenues from out of home advertising
and event management activities, which was over Rs.30 crores.
During
the year, (i) Two new brands viz. I-Next, a bilingual daily newspaper
and City Plus, a weekly infotainment newspaper, both targeting at
youth, were launched (ii) An alliance agreement was entered into
with Yahoo India, under which the company's news portal www.jagran.com
will be co-branded as www.jagran.yahoo.in
. Yahoo India would be responsible to host, maintain and market
the website on revenue sharing basis and (iii) A separate profit
centre named 'J9' was created to take the Short Code Service division
of JPL to a higher level.
Apart
from these new initiatives, the flagship brand of the company, Dainik
Jagran, continued strengthening its leadership position in its areas
of operation and also ventured into new territories (Indore, Siliguri,
Amritsar). The advertisement and circulation revenues continued
to increase with advertisement revenues at Rs 388.21 crores and
circulation revenue at Rs 170.83 crores for the year. The advertisement
revenue for Dainik Jagran grew by 25.70%, higher than the industry's
overall growth rate of 22.8%. The advertisement revenues were driven
by the increase in card rate, increased focus on local market and
increase of about 18% in color advertisement space. This year also
saw IRS 2007 (Round 1) reaffirming Dainik Jagran's position as the
No. 1 newspaper in the country.
Commenting on the performance of the company in the last fiscal,
Mr. Mahendra Mohan Gupta, Chairman and Managing Director, JPL said,
"In the last fiscal, we have taken steps to expand our product
and services portfolio and now JPL has presence in all media genres
viz print media, out of home advertising and event management and
the new emerging media. Being a 360 degree media house, we have
become one of the most diversified media player providing complete
media solutions to all the clients, while maintaining our primary
focus towards maintaining our credibility in giving detailed, accurate
and up-to-date news to our readers".
About
Jagran Prakashan Limited
Jagran Prakashan Limited is a leading media house of India which
publishes Dainik Jagran, India's largest read daily with a total
readership of 17.11 million readers per day (IRS 2007 R1). It was
also voted the most credible and trusted newspaper in India, according
to a survey by Globscan, conducted in 10 of the world's leading
countries, including the US, UK, Germany and Russia.
Established in 1942, Dainik Jagran was the brainchild of the Indian
Freedom fighter, Late Shri Puran Chandra Gupta. Dainik Jagran is
now published in 31 editions across 11 states from 30 different
facilities. The company also launched I-next, the first ever bilingual
newspaper in the country in December, 2006 and also has an English
Infotainment paper called City Plus. The group publishes Sakhi,
a monthly magazine targeted at women. The group also publishes Jagran
Varshiki, an annual general knowledge digest, and various national
and state statistical compilations.
Jagran Engage provides specialized 'Out of Home' advertising services
with a Pan-India footprint. Jagran Solutions provides below the
line activities like promotional marketing, event management and
on ground activities having pan India presence. The company's portal
www.jagran.com is the most visited Hindi portal in the world. The
company provides IVR/AVR/SMS services through its short code service
7272.
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