Indian newspaper publisher Jagran Prakashan (JPL) has reported that its net profit more than doubled in its last financial quarter. Independent News & Media has a 21% stake in the company.
Q3 net profits were just over €3m, up 144% on the same period a year earlier, as revenues grew by almost 30% to €28.2m.
Advertising revenues were up 28.5%, while circulation revenues rose by 3.6%. The jump in advertising was due to increased rates and more colour space.
JPL publishes Dainik Jagran, India's largest read and highest circulated daily newspaper.
