India's Jagran Prakashan soars as qtrly profit jumps

Jagran Prakashan

26/10/2021 07:29

** Shares of India's largest read newspaper's publishers
 JAGP.NS  jump as much as 15.9% to 71.40 rupees - hitting
highest levels in over 3 months
    ** Jagran Prakashan's consolidated net profit for the
September quarter grew more than four-fold to 616.3 million
rupees ($8.22 million)  urn:newsml:reuters.com:*:nFWN2RL17J
    ** Co's Sept-qtr consolidated revenue from operations also
increased over 39% to 4.03 billion rupees as advertisement
revenue from its print, digital and radio businesses rose 47.5%
    ** "We expect strong growth to continue," said Chairman
Mahendra Mohan Gupta 
    ** The media and entertainment industry expects to benefit
from the resurgence in economic activity which considerably
improves outlook for the businesses of the firm - Chairman 
    ** Co also approved the appointment of Amit Jaiswal as its
CFO on Monday evening  urn:newsml:reuters.com:*:nFWN2RL0ZU
    ** Including session's gains, JAGP stock is up more 57% for
the year

($1 = 74.9493 Indian rupees)

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))