Top Story

e4m_logo.png

Home >> Media - Others >> Article

Jagran Prakashan Q1 net at Rs 55.60 cr; operating revenues up 16.36 pc at Rs 269.82 cr

04-August-2010
Font Size   16
Share
Jagran Prakashan Q1 net at Rs 55.60 cr; operating revenues up 16.36 pc at Rs 269.82 cr

Jagran Prakashan Ltd, publishers of Dainik Jagran, has reported operating revenues of Rs 269.82 crore for Q1 FY11, an increase of 16.36 per cent over the corresponding quarter of the previous year. The net profit stood at Rs 55.60 crore, while the EPS for the quarter was at Rs 1.85, an increase of 12.80 per cent over Q1 of FY10.

The company has been investing in the Event, Outdoor and Digital businesses with a view to diversifying and broad basing the growth. In Q1 FY11, these businesses continue to show strong traction with revenue growing to Rs 20.26 crore from Rs 13.51 crore in Q1 FY10, registering a growth of 50 per cent.

Commenting on the performance of the company for the quarter ended June 30, 2010, Mahendra Mohan Gupta, Chairman and Managing Director, JPL said, “The results for Q1 FY11 were more than satisfactory despite steep fall in other income in comparison with Q1 FY10, which is attributed to non-accrual of exchange fluctuation gain and lower treasury income. The company has recorded higher operating margins owing to impressive advertisement revenue growth, an incredible performance of digital, outdoor and event businesses and lower price newsprint inventory carried forward from the previous year. Notwithstanding the ongoing cover price war in Jharkhand triggered by the competitors, I am pretty optimistic to live up to the expectations as always.”

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

We speak to Punit Misra, CEO, ZEEL, Domestic Broadcast Business, on Zee TV’s new look, its aim and the shaping up of domestic business

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016

Of the 116 upheld ads, the majority belonged to healthcare and education