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Q1FY08
Results (all comparisons with Q1FY07)
o Revenues at Rs 192.27 crore, up by 34.69 % from Rs 142.75 crore
o Advertisement Revenues at Rs 126.74 crore, up by 42.05% from Rs
89.22 crore
o EBIDTA at Rs 60.35 crore, up by 50.32% from Rs 40.15 crore
o PAT at Rs 34.71 crore, up by 51.62% from Rs 22.89 crore
o EPS (non-annualised) of Rs 5.76, higher by 51.58% from Rs 3.80
o EBIDTA margins increased to 31.39% from 28.12%
o Net margin increased to 18.05% from 16.04%
New
Delhi, July 27, 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 192.27 crore for Q1FY08,
an increase of 34.69% as compared to Rs 142.75 crore in Q1FY07.
The net profit stood at Rs 34.71 crore, an increase of 51.62% from
Rs 22.89 crore in the corresponding period. The non annualized EPS
for the quarter stood at Rs 5.76.
The
steady growth in the revenue has been driven by the significant
growth of 42.05% in advertisement revenue. The increase in the total
space sold, effect of rate increase taken in March 2007 and increase
in the color space sold, contributed to the same. While the total
space sold increased by 21%, there was a 24% increased in the color
space sold. The copies sold per day were higher by 10.86%.
The
revenue from businesses other than publication business increased
significantly and contributed to the growth. The revenue from these
activities was Rs. 11.49 Crores with contribution of 6.26 % as against
2.99 % in total operating revenue.
JPL
also launched two new editions of City Plus in East Delhi.
Commenting
on the performance of the company, Mr. Mahendra Mohan Gupta, Chairman
and Managing Director, JPL said, "We dedicated our efforts
towards strengthening Dainik Jagran and various other initiatives.
While Jagran Engage and Jagran Solutions have already attained a
critical mass, other activities are ready to take off now. We are
pretty positive about future of Media industry in general and business
in particular."
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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