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. Digital traffic There were 40.2 million unique visitors at the end of September 30, 2018 across its digital properties. Last quarter its unique visitors stood at 40.6 million at the end of June 2018. Jagran Prakashan has a total of 9 digital properties including Jagran.com, Bol India Bol, Mid-Day.com, Jagran Junction, RadioCity.in, and Inext Live, and launched HerZindagi, a lifestyle channel for women. Print advertisement revenue Print advertisement revenue fell by 4.5% YoY to Rs 444 crore from Rs 465 crore in Q2FY18, and fell 9.5% quarter-on-quarter (QoQ) from Rs 491 last quarter. The company's operating margin for print products stood negative at 1.17% due to high newsprint cost. Dainik Jagran,…
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