The near 20 per cent growth in ad revenues at Rs 171.6 crore has helped Jagran Prakashan Ltd report a whopping 120 per cent increase in its net profit for Q2 of FY10 at Rs 50.27.
Mahendra Mohan Gupta, Chairman, Jagran Prakashan Ltd, said in a statement issued by the company that he expected the OOH and events businesses to turn profitable during FY10 which have shown growth in this quarter.
The total expenditure though fell marginally to Rs 176.58 crore.
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