27th Jul 2007 11:46
Independent News & Media PLC27 July 2007 INM'S INDIAN ASSOCIATE REPORTS Q1 FY07/08 REVENUES UP BY 34.69% NET PROFIT UP BY 51.62% Q1 FY07/08 Results (all comparisons with Q1 FY06/07) • Revenues at Rs 1.9 billion (€34.6 million), up by 34.69 % from Rs 1.4 billion • Advertisement Revenues at Rs 1.3 billion (€22.8 million), up by 42.05% from Rs 0.9 billion • EBIDTA at Rs 603 million (€10.9 million), up by 50.32% from Rs 401 million • PAT at Rs 347 million (€6.2 million), up by 51.62% from Rs 229 million • EPS (non-annualised) of Rs 5.76, higher by 51.58% from Rs 3.80 • EBIDTA margin increased to 31.39% from 28.12% • Net margin increased to 18.05% from 16.04% Dublin/London - July 27, 2007: Jagran Prakashan Limited (JPL), publishers of'Dainik Jagran', India's largest read daily (Source: IRS 2007 Round 1), hasreported total revenues of Rs 1.9 billion (€34.6 million) for Q1 FY07/08, anincrease of 34.69% as compared to Rs 1.4 billion in Q1 FY06/07. The net profitstood at Rs 347 million (€6.2 million), an increase of 51.62% from Rs 229million in the corresponding period. The non annualized EPS for the quarterstood at Rs 5.76, up 51.58% from Rs 3.80 in the corresponding quarter last year. The steady growth in revenue has been driven by the significant growth of 42.05%in advertisement revenue. The increase in the total space sold, the effect of arate increase taken in March 2007 and an increase in colour advertising drovethis strong performance. While the total space sold increased by 21%, there wasa 24% increase in colour space sold. Circulation copies sold per day werehigher by 10.86%. The revenue from businesses other than the publication business increasedsignificantly and contributed to the growth in the quarter. The revenue fromthese activities was Rs. 114 million (€2.1 million), which represents 6.26% oftotal revenues from operations, as against 2.99% in the corresponding quarterlast year. JPL also launched two new editions of City Plus in East Delhi. Commenting on the performance of the company in the last fiscal, Mr. MahendraMohan Gupta, Chairman and Managing Director, JPL said, "We dedicated our effortstowards strengthening Dainik Jagran and various other initiatives. While JagranEngage and Jagran Solutions have already attained a critical mass, otheractivities are ready to take off now. We are pretty positive about future ofMedia industry in general and business in particular." ENDS 27 July 2007 For further information, please contact: Gavin O'Reilly +353 1 466 3200 Chief Operating Officer Donal Buggy +353 1 466 3200 Chief Financial Officer +------------------------------------------------------------------------------+|Media |+--------------------------+------------------------+--------------------------+| | | |+--------------------------+------------------------+--------------------------+|Pat Walsh |Rory Godson |Paul Keary |+--------------------------+------------------------+--------------------------+|Murray Consultants |Powerscourt Media |Financial Dynamics (New ||(Dublin) |(London) |York) |+--------------------------+------------------------+--------------------------+| | | |+--------------------------+------------------------+--------------------------+|Tel: +353 1 498 0300 |Tel: +44 207 250 1446 |Tel: +1 212 850 5600 |+--------------------------+------------------------+--------------------------+| | | |+--------------------------+------------------------+--------------------------+|Investors and Analysts | | |+--------------------------+------------------------+--------------------------+| | | |+--------------------------+------------------------+--------------------------+| | | |+--------------------------+------------------------+--------------------------+|Mark Kenny/ Jonathan | | ||Neilan | | |+--------------------------+------------------------+--------------------------+|K Capital Source (Dublin) | | || | | |+--------------------------+------------------------+--------------------------+| | | |+--------------------------+------------------------+--------------------------+|Tel: +353 1 631 5500 | | |+--------------------------+------------------------+--------------------------+|Email: | | ||INM@kcapitalsource.com | | |+--------------------------+------------------------+--------------------------+ About Jagran Prakashan Limited Jagran Prakashan Limited is a leading media house of India, which publishesDainik Jagran, India's largest read daily with a total readership of 17.11million readers per day (IRS 2007 R1). It was also voted the most credible andtrusted newspaper in India, according to a survey by Globscan, conducted in 10of the world's leading countries, including the US, UK, Germany and Russia. Established in 1942, Dainik Jagran was the brainchild of the Indian Freedomfighter, Late Shri Puran Chandra Gupta. Dainik Jagran is now published in 31editions across 11 states from 30 different facilities. The company alsolaunched I-next, the first ever bilingual newspaper in the country in December,2006 and also has an English Infotainment paper called City Plus. The grouppublishes Sakhi, a monthly magazine targeted at women. The group also publishesJagran Varshiki, an annual general knowledge digest, and various national andstate statistical compilations. Jagran Engage provides specialized 'Out of Home' advertising services, with aPan-India footprint. Jagran Solutions provides below the line activities likepromotional marketing, event management and on ground activities having panIndia presence. The company's portal www.jagran.com is the most visited Hindiportal in the world. The company provides IVR/AVR/SMS services through its shortcode service 7272. Independent News & Media PLC ('INM') is a leading international newspaper andcommunications group, with its main interests in Australia, India, Ireland, NewZealand, South Africa and the United Kingdom. Spanning four continents, 10 majormarkets and 21 individual countries, INM has market-leading newspaper positionsin Australia (regional), India, Ireland, New Zealand and South Africa. In theUnited Kingdom, it publishes the flagship national title, The Independent, aswell as being the largest newspaper group in Northern Ireland. Across these regions, the Group publishes over 180 newspaper and magazinetitles, delivering a combined weekly circulation of over 31 million copies witha weekly audience of over 100 million consumers and includes the world's largestread newspaper, Dainik Jagran, in India. The Group has established a strong andgrowing online presence, with over 100 editorial and classified sites. INM is the largest radio operator - over 130 stations and an audience exceedingfive million people - and outdoor advertising operator in Australasia and alsohas leading outdoor advertising positions in Hong Kong, Malaysia, India,Indonesia and across Africa. The Group has grown consistently over the last 15 years by building ageographically unique and diverse portfolio of market leading brands, and todaymanages gross assets of €3.9 billion, revenue of €1.8 billion and employsapproximately 9,800 people worldwide. Further information is available on the Group's website www.inmplc.com. 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