HT Q1 net jumps 212% at Rs 30.63 crore

New Delhi, July 21 (UNI) HT Media Ltd's Q1 net profit, more than tripled to Rs 30.63 crore in 2006-07 as compared to Rs 9.81 crore in the corresponding period last year, posting a growth of 212 per cent.

Company's Q1 revenues rose by 33 per cent in 2006-07 at Rs 247.86 crore from Rs 185.81 crore in Q1 2005-06, driven primarily by contributions from the Mumbai operations, a company statement said here today.

HT Media had launched its Mumbai operations in July 2005.

The company's operating profits went up by 113.3 per cent for the quarter at Rs 60.62 crore from Rs 28.42 crore in Q1 FY06.

The earnings per share (non-annualised) stood at Rs 6.53 as on June 30,2006.

''This operating performance is inclusive of costs related to the Mumbai operations and has been achieved despite continued firmness in newsprint prices,'' the statement added.

UNI PV RA KP1930