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31st Jul 2006

INM’S Indian Associate Results Q1 FY 06/07

Jagran Prakashan Limited ['JPL'], in which Independent News & Media PLC ['INM'] (ticker: INWS/I/ INWS.L) holds a 21% strategic shareholding, announced a record Profit After Tax for its First Quarter (ended 30 June 2006).

Jagran Prakashan Limited (ticker: JAGP.BO), publisher of 'Dainik Jagran' - India's largest read and largest selling daily newspaper - reported Net Revenues from operations of Rs 1.37 billion (c. €24 million), an increase of 20% over the same quarter of last year. Q1 Profit After Tax of Rs 229 million (c. €4 million) was up 433%, with operating margins growing year-on-year to 25%. The EPS for the quarter was Rs 4.56, versus Rs 1.13 in the corresponding quarter.

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