Investor Relations
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29th Jan 2008

INM’s Indian Associate Results for Q3 FY07/08

Revenues up by 28.8%; Net Profit up by 46.5%

Jagran Prakashan Limited (JPL), publishers of 'Dainik Jagran', India's largest read newspaper (Source: IRS), has reported net operating revenues of Rs. 2.0 billion (€34.8 million) for Q3 FY07/08, an increase of 28.8% over the corresponding quarter of the previous year. The net profit was Rs 259.3 million (€4.5 million), a sharp increase of 46.5% from Rs 177.0 million over the corresponding quarter of the previous fiscal. The EPS (on shares with a face value of Rs. 2 each) for the quarter was at Rs 0.86 as against Rs 0.59 for the corresponding quarter of FY 06/07.

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"INM has a very clear, compelling and coherent strategy for growth, with a very resolute and sturdy version of our newspaper brands' place within the fast-changing media matrix."

Gavin O'Reilly, Group Chief Executive Officer