12 Aug 2020 | 9:06 PM

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COMPANYNEWS
Pressman Advertising Q1 net profit down 27.56% at Rs 1.63 cr
  Pressman Advertising Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 1.63 crore for the quarter ended June 30 2019 as compared to Rs 2.25 crore in the same period last year registering a year-on-year decline of 27.56 per cent.


Net revenue of the company declined substantially by 41.57 per cent at Rs 8.56 crore in April-June quarter of this fiscal as against Rs 14.65 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 40.32 per cent to Rs 7.09 crore from Rs 11.88 crore in year ago period.


Other Income grew by 72.22 per cent at Rs 0.62 crore versus (Jun`18 Rs 0.36 crore).


Operating Profit slipped by 46.93 per cent to Rs 1.47 crore as against Rs 2.77 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 9.25 per cent in June quarter.


Taxation decreased by 47.13 per cent at Rs 0.46 crore (Jun`18 Rs 0.87 crore).