Jagran Prakashan Limited (JPL), which owns the Hindi daily newspaper Dainik Jagran, has reported consolidated operating revenues of Rs 553 crore for the quarter ended September 30, 2018 (Q2FY19), which is down marginally 2.2% year-on-year (YoY) from Rs 567 crore posted in the same quarter last year (Q2FY18). On a sequential basis, it was down 7.8% from Rs 600 crore posted in the previous quarter (Q1FY19). Profit After Tax (PAT) for the quarter fell by 49% from Rs 88 crore in Q1FY19 to Rs 43.5 crore, and dropped 38% YoY. Digital Advertisement revenues The company posted consolidated digital ad revenues of Rs 11.4 crore for the quarter, up 35% YoY from Rs 8.4 crore in Q2FY18. Jagran Prakashan had posted digital ad revenue of Rs 9.5 crore in the previous quarter. The digital business is 3% of overall company’s revenue.…
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