Print sector's Q1FY24 ad revenue soars, industry foresees surge in profits in coming quarters
newscatcher
2023-08-18 15:31
Print sector's Q1FY24 ad revenue soars, industry foresees surge in profits in coming quarters
As the April-May-June quarter of FY24 comes to an end, print publications stand out with a strong rise in advertising revenues. Both circulation and advertising showed consistent year-on-year growth, boosting their outlook and optimism for increased revenues and profits in the coming quarters. Anticipating a boost in revenue, fueled by lowered newsprint costs, reduced inflation and increased profits, the sector appears poised for growth. DB Corp has reported an over two-and-half-fold jump in consolidated net profit at Rs 78.

https://bestmediainfo.com/2023/08/print-sectors-q1fy24-ad-revenue-soars-industry-foresees-surge-in-profits-in-coming-quarters

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