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16th Jun 2009

INM’s Indian Associate Results FY09

INM’S Indian Associate Reports Operating Revenue Growth for 2009 of 9.8%

Dublin/London 16th June 2009: Jagran Prakashan Limited (‘JPL’), publishers of ‘Dainik Jagran’, India’s largest read newspaper - in which Independent News & Media PLC (‘INM’) has a 20.8% shareholding - has reported Operating Revenues of Rs 8.2 billion for FY09*, an increase of 9.8% on last year. Total revenues for the FY09 were Rs 8.5 billion, an increase of 9.7% on last year, while net profit at Rs 916.3 million was down by 6.6% on last year. The EPS for the year was Rs 3.04 compared to Rs 3.26 last year.

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“Independent News & Media has always understood that beyond being a very successful company in the financial sense, it has broader social responsibilities to all those communities where it operates. This is demonstrated by over 200 projects and charities which the company has underwritten and supported and can be seen from the work that INM has done in education, particularly the work they’ve done in health education in South Africa in relation to HIV and AIDS.”

Baroness Margaret Jay, Non-Executive Director
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