Publisher Jagran Prakashan Ltd posted net profit of Rs50.27 crore for the quarter ended 30 September, up 120% from the year-ago period on strong growth in ad revenues. While ad revenues were up 19.45% year-on-year at Rs171.6 crore, subscription revenues grew 15.06% y-o-y to Rs54.28 crore.
Revenues from out-of-home and event management businesses also grew 36% y-o-y to Rs16.99 crore, the company said in a statement. Total expenditure dipped marginally (1.6%) to Rs176.58 crore.
In a statement, JPL chairman Mahendra Mohan Gupta said he expected the OOH and events businesses to turn profitable during this fiscal.
| 2Q 2009 | 2Q 2008 | |
|---|---|---|
| EPS | Rs1.67 | Rs0.75 |
| Net Income | Rs50.27 crore | Rs22.69 crore |
| Revenue | Rs246.82 crore | Rs208.62 crore |
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