Top Story

e4m_logo.png

Home >> Media – Print >> Article

Jagran Prakashan Q1 net slides 10.5 pc; operating revenues up 12. 9 pc

29-July-2011
Font Size   16
Share
Jagran Prakashan Q1 net slides 10.5 pc; operating revenues up 12. 9 pc

Jagran Prakashan Ltd has reported a 10.58 per cent drop in its Q1 FY12 net profit at Rs 49.72 crore, from Rs 55.60 crore in the corresponding quarter of the previous fiscal. On the other hand, operating revenues for Q1 FY12 stood at Rs 304.65 crore, up 12.91 per cent from Rs 269.82 crore in Q1 FY11.

Meanwhile, there was growth in both advertisement and circulation revenues. While advertisement revenues were up 7.65 per cent at Rs 204.27 crore, circulation revenues saw a growth of 5.23 per cent at Rs 58.20 crore.

Commenting on the company’s Q1 FY12 performance, Mahendra Mohan Gupta, Jagran Prakashan Ltd, said, “The company performed satisfactorily in competitive environment. It registered high growth in circulation of all the six print brands of the Group. Other businesses, especially activation too performed incredibly. However, growth in advertisement was subdued due to slowdown in national advertising, lower than expected growth in education sector and strategic decision not to offer steep discounts as desired by a few advertisers.”

Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.