India's Jagran Prakashan soars as Dec-qtr profit jumps

Jagran Prakashan

09/02/2022 04:23

** Shares of Indian publishing house Jagran Prakashan
 JAGP.NS  surge as much as 10.7% to 76.55 rupees, highest since
Jan. 17
    ** Stock on track for its best session in nearly four weeks
    ** Dec-qtr consol net profit jumped 40% to 1.09 bln rupees 
($14.60 mln), best profit since Sept-qtr 2019
    ** Co says https://www.bseindia.com/xml-data/corpfiling/AttachLive/d34554a4-dde3-4621-816a-726e3aa427aa.pdf
 it expects growth momentum to continue but the industry has to
deal with the very high unexpected increase in newsprint prices
    ** Says Ad volumes in Q3 reached pre-COVID levels
    ** As of last close, stock up 11.6% this year

($1 = 74.6700 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))