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Pressman Advertising Ltd has become the first advertising and public relations company to list on the National Stock Exchange and the Bombay Stock Exchange. The listing aims at giving the agency a strong brand equity.
The company used a reverse merger with Nucent Finance, in which Pressman promoters are majority shareholders, and changed the merged entity’s name to Pressman Advertising.
The company was founded by late HC Suchanti and is a full service agency with offices in major cities across the country.
It is a debt free agency. As on March 31, 2013, its reserves and surplus stood at Rs 13.74 crore on an equity share capital of Rs 4.6 crore.
For the full-year ended March 31, 2013, Pressman posted a net profit of Rs 6.2 crore and paid a dividend of 40 per cent. In the first quarter ended June 30, 2013, the company reported a net profit of Rs 2 crore.
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