TIDMINM
RNS Number : 4378B
Independent News & Media PLC
27 October 2009
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INM'S INDIAN ASSOCIATE REPORTS TOTAL REVENUE GROWTH OF 17.6%, ADVERTISING
REVENUE GROWTH OF 19.5% & NET PROFIT GROWTH OF 121.5% FOR THE QUARTER ENDED
SEPTEMBER 2009 - INTERIM DIVIDEND OF Rs 2 PER SHARE DECLARED
Ticker: (Bloomberg) INM.ID/INM.LN and (Reuters) INME.I/INME.L
Quarter 2 (all comparisons with Quarter 2 2008/09)
* Operating Revenue at EUR35.6m, was up 18.3%
* EBITDA at EUR12.0m, was up 119.1%
* Advertising Revenue at EUR24.8m, was up 19.5%
* Circulation Revenue at EUR7.8m, was up 15.1%
* Profit After Tax at EUR7.3m, was up 121.5%
* EPS (non annualised) of Rs 1.67, up 121.5%
H1FY10 Results (all comparisons with H1FY09)
* Operating Revenue of EUR70.5m, was up 15.3%
* EBITDA at EUR22.6m, was up 75.4%
* Advertising Revenue at EUR49.0m, was up 17.2%
* Circulation Revenue at EUR16.0m, was up 14.6%
* Profit After Tax at EUR14.7m, was up 83.6%
* EPS (non annualised) of Rs 3.31, up 83.6%
Dublin/London 27th October: Jagran Prakashan Limited ('JPL'), publishers of
'Dainik Jagran', India's largest read newspaper - in which Independent News &
Media PLC ('INM') has a 13.5% shareholding - has reported Operating Revenue of
EUR35.6m for Quarter 2 FY 2010*, an increase of 18.3% year-on-year. Net Profit and
EPS for the quarter were EUR7.3m and Rs 1.67 respectively. EBITDA margin for the
quarter was 33.7% compared to 18.2% for the corresponding quarter last year.
Advertising and circulation revenue from the publishing business in Quarter 2
registered robust growth of 19.5% and 15.1% respectively. In Quarter 2, revenue
from "out of home advertising" and event management was EUR2.5m, an increase of
36.4% on the same quarter last year.
In October 2009, one more edition of City Plus was launched from Vashi, Navi
Mumbai, taking the total number of editions of City Plus to 18.
JPL's company web portal, www.in.jagran.yahoo.com commonly knows as "Yahoo!
Jagran" was named the No. 1 web portal in the regional language category with
1.07 million unique users for September 2009 (Source: ViziSense).
JPL has also announced the payment of an interim dividend of Rs 2 per share or
100% on equity shares of face value of Rs 2 each. The Board has fixed the 6th of
November 2009 as record date for payment of the interim dividend.
Commenting on the performance of the company for the quarter ended 30th
September 2009, Mr. Mahendra Mohan Gupta, Chairman and Managing Director, JPL
said:
"In continuation of Q1, Q2 again registered robust growth in revenues and
profits. There was a sharp increase in advertising revenue of nearly 20% and in
circulation revenue of over 15%. Similarly, growth in our Outdoor and Event
Management division was heartening and I expect both of these businesses to turn
profitable in the current fiscal year. With the Indian economy recovering
faster, I am seeing a good time ahead for the company".
* JPL's financial year - end is 31st March.
+-------------------------------------+--------------------------------------+
| ENDS | 27th October 2009 |
+-------------------------------------+--------------------------------------+
For further information, please contact:
+-------------+--------------+-----------------+
| Gavin | Chief | +353 1 466 3200 |
| O'Reilly | Executive | +353 1 466 3200 |
| Dónal | Officer | |
| Buggy | Chief | |
| | Financial | |
| | Officer | |
+-------------+--------------+-----------------+
| Media | Paul | |
| Pat | Durman/Keith | |
| Walsh | Brookbank | |
| Murray | Powerscourt | |
| Consultants | (London) | |
| (Dublin) | Tel: +44 20 | |
| Tel: +353 1 | 7250 1446 | |
| 498 0300 | | |
+-------------+--------------+-----------------+
| Investors and | |
| Analysts | |
| Mark | |
| Kenny/Jonathan | |
| Neilan | |
| K Capital | |
| Source (Dublin) | |
| Tel: +353 1 663 | |
| 3680 | |
| Email: | |
| INM@kcapitalsource.com | |
+-------------+--------------+-----------------+
ABOUT JAGRAN PRAKASHAN LIMITED
Jagran Prakashan Limited is a leading media house of India which publishes
Dainik Jagran, India's largest read daily with a total readership of 54.58
million readers (IRS 2009 R1). It was also voted the most credible and trusted
newspaper in India according to a survey commissioned by BBC/Reuters and
conducted by Globscan 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 37
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 which is now published from 4 states in 9 editions and also has an English
infotainment paper called City Plus now published in 18 editions. 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.
Jagran Engage provides specialised 'Out of Home' advertising services with a
pan-India footprint. Jagran Solutions provides below-the-line activities like
promotional marketing, event management and on ground activities having a
pan-India presence. The company has a Hindi news portal in association with
Yahoo India, www.in.jagran.yahoo.com, and the company's J9 division provides
IVR/AVR/SMS services through its short code service 57272, besides initiatives
in digital businesses.
ABOUT INDEPENDENT NEWS & MEDIA PLC
- CORPORATE PROFILE -
INM is a leading international newspaper and communications group, with its main
interests in Australia, India, Ireland, New Zealand, South Africa and the United
Kingdom. Spanning four continents, 10 major markets and 22 individual countries,
INM has market-leading newspaper positions in Australia (regional), India,
Indonesia, Ireland, New Zealand and South Africa. In the United Kingdom, it
publishes the flagship national title, The Independent, as well as being the
largest newspaper group in Northern Ireland.
Across these regions, the Group publishes over 200 newspaper and magazine
titles, delivering a combined weekly circulation of 32 million copies, with a
weekly audience of over 100 million consumers and includes the world's largest
read newspaper, Dainik Jagran, in India. The Group has established a strong and
growing online presence, with over 100 editorial, classified and transactional
sites.
INM is the largest radio operator - over 130 stations and an audience of
almost six million people - and outdoor advertising operator in Australasia and
also has 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 a
geographically unique and diverse portfolio of market-leading brands, and today
manages gross assets of EUR2.1 billion, revenue of EUR1.6 billion and employs
approximately 9,600 people worldwide. Further information is available on the
Group's website www.inmplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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