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According to an official release, during the financial year 2004
for the period April 2003 - March 2004, the net sales grew up to
per cent as compared to last year. While the net sales grew up to
RS 182.8 million as compared to RS 141.2 million for April 2002-March
2003 period.
The operating profit increased from 11.4 per cent at RS 33.2 million
from RS 29.8 million. The net profit after tax deduction was higher
by 8.7 per cent to RS 28.9 million as compared to last year's RS
26.6 million. The earning per share (EPS) is RS 0.59 for the year.
The year under review is the first in the decade old company's
history as a listed entity.
Commenting on the performance for FY2004, BAG films ltd, managing
director, Anurradha Prasad is quoted in the release as saying, "The
just concluded financial year has been one of consolidation. Considerable
time and effort has been invested into identifying opportunities
and building platforms for growth. Some initiatives in the programming
arena almost immediately struck a chord with our audiences. At BAG
we are confident and enthusiastic that our highly proficient and
experienced team backed by a robust infrastructure will deliver
healthy performance going forward"
The production house has an afternoon family drama Kumkum,
which is currently on Star Plus. It has also produced the Brian
Silas show that has begun airing on Sahara Manoranjan from 25
June 2004, says the release.
While Poll Khol - it's satirical show, which has received
rave reviews, is back on Star News, the company has been successfully
producing a crime special bulletin Red Alert. The two news
and information programmes based on current affairs and the entertainment
industry respectively, Rozana and Khabrein Bollywood Ki,
produced by the production company air on Doordarshan News.
That apart, the company has been trying to explore various avenues
like films, media school, new media like DVD, haptics, video streaming,
wireless transmission and the internet.
BAG films went public in September 2003, with a public issue of
14,860,000 equity shares of RS 2 each at a premium of RS 8 per share,
aggregating to RS 148.6 million. The company is listed on the Delhi,
Mumbai and National Stock Exchanges. The proceeds of the Public
Issue have been utilised mainly towards construction of convergence
studio and iSomes and production of feature films, adds the release.
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