Jagran Prakashan Revenues up by 34.69%

Jagran Prakashan revenue has touched the Rs 192.27 crore mark and is up by 34.69 % from Rs 142.75 crore .While the advertisement Revenues at Rs 126.74 crore, up by 42.05% from Rs 89.22 crore , EBIDTA are at Rs 60.35 crore, up by 50.32% from Rs 40.15 crore

The steady growth in the revenue has been driven by the significant growth in advertisement revenue, which grew by 42%. The increase in the total space sold, effect of advertisement rate hike 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% increase 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.

Commenting on the performance of the company in the last fiscal, 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.”

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.

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