Jagran Prakashan announces Q1FY09 results

New Delhi, July 29, 2008: Jagran Prakashan Limited (JPL), publishers of ‘Dainik Jagran’, India’s largest read newspaper (Source: IRS 2008 Round 1) has reported operating revenues of Rs 206.49 crores for Q1FY09, an increase of 12.57% as compared to Rs 183.42 crores in Q1FY08. Total revenues and net profit for the Q1FY09 was Rs. 212.78 crores and Rs.31.65 crores respectively. The non-annualized EPS for the quarter stood at Rs 1.05

The advertisement revenue increased to Rs 140.00 crores from Rs 126.74 crores registering growth of 10.47% over the same period. Circulation revenue increased to Rs. 47.79 crores from 44.17 crores, increase of 8.2% over Q1FY08.

Newspaper sales of Dainik Jagran in terms of number of copies sold per day was also higher by 6.7%.

I-next, compact bilingual newspaper was launched in Patna, State Capital of Bihar and Ranchi, State Capital of Jharkhand to take the total number of editions to 9.

The revenues from other operating activities including revenues from Outdoor Advertising, Event Management Activity and Short Code Services increased to Rs. 14.55 crores from Rs.10.67 crores, an increase of 36.36% from corresponding quarter of the previous year. 

Commenting on the performance of the company for the quarter ended 30^th June 2008, Mr. Mahendra Mohan Gupta, Chairman and Managing Director, JPL said, “This was a difficult quarter, given the negative sentiments on all economic front but JPL could still continue to achieve higher than industry’s overall growth in advertisement revenue. I am optimistic that the company would end the current fiscal on expected lines and remain bullish on the industry”.

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 56.6 million readers per day (IRS 2008 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 37 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 now published in 9 editions and also has an English Infotainment paper called City Plus now published in 10 editions. 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 in association with Yahoo India, www.in.jagran.yahoo.com is the most visited Hindi news portal in the world. The company provides IVR/AVR/SMS services through its short code service 57272.

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