MUMBAI: BAG films has posted a 82 per cent increase in its net profit at Rs 11 million for the quarter ended 31 December, 2004 .

Net Income has also grown by 112 per cent to Rs 96.1 million in the current quarter against Rs 45.3 million, during the previous year’s corresponding quarter.

According to a company release, as on 31 December, 2004, with the addition of the new programmes, the number of programming hours developed by B.A.G. Films would amount to 74 hours on a monthly basis (excluding repetitions).

During the quarter, the company developed Sansani on Star News, Khul Ja Sim Sim on Star Plus, Har Dil Jo Love Karega on Zoom and Siddhanth and Pyaar Ki Kashti Mein on Star One.

Among many other plans, the company has contracted an entertainment programme for 2005, Rihaee, a new show that is expected to go on air in the present quarter. The twice a week half hour duration serial, will shortly begin telecast on the Sony channel.

The company release also signifies, that it would be exploring opportunities to produce films across all budgets and geographies. The company proposes to begin production of medium budget films during the first half of the current calendar year.

Saurabh Narang, director of TV serials and the director of the recently launched film, Vastu Shashtra (of Ram Gopal Varma Corp.), has been signed by B.A.G. for its upcoming film, informs the media release.