09 Aug 2020 | 2:07 AM

News

COMPANYNEWS
Pressman Advertising Q2 net profit up 5.10% at Rs 1.65 cr
  Pressman Advertising Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-08-2019
The company reported standalone net profit of Rs 1.65 crore for the quarter ended September 30 2019 as compared to Rs 1.57 crore in the same period last year registering a year-on-year growth of 5.10 per cent.


Net revenue of the company declined moderately by 12.50 per cent at Rs 8.61 crore in July-September quarter of this fiscal as against Rs 9.84 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 12.73 per cent to Rs 6.99 crore from Rs 8.01 crore in year ago period.


Other Income grew by 83.33 per cent at Rs 0.55 crore versus (Sep`18 Rs 0.30 crore).


Operating Profit slipped by 11.54 per cent to Rs 1.61 crore as against Rs 1.82 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.08 per cent in September quarter.


Taxation decreased by 7.14 per cent at Rs 0.52 crore (Sep`18 Rs 0.56 crore).