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MUMBAI:
B.A.G Films and Media Limited has posted a net profit of Rs
7.64 million for the last quarter of the fiscal ended 31 March
2007, up 87 per cent over a year ago period.
Total
income has increased 68 per cent to Rs 126.62 million while
profit before interest depreciation and tax (PBIDT) rose 115
per cent to Rs 27 million.
The
board, which met today, has recommended a dividend of 10 per
cent to the shareholders.
For
the entire fiscal, the company has posted a net profit of
Rs 33.60 million, up by 10 per cent. Net income from sales
and operations registered a rise of 4 per cent to Rs 441.42
million from Rs 423.87 million last fiscal. PBIDT increased
28 per cent to Rs 82 million.
Commenting
on the performance, B.A.G. Films managing director Anurradha
Prasad said, "Our performance in the quarter ended 31
March 2007 has been quite satisfactory. Strong emphasis on
non-broadcast business and cost control measures have yielded
higher top and bottom line respectively. Going forward, we
are confident of continuing to achieve healthy revenue and
profitability growth."
B.A.G
Films is foraying into Bengali feature Films with Ami,Yaseen
aur amaar Madhubala, directed by Budhadeb Das Gupta.
The
company has launched an international show Yeh Vaada Raha
for Ary Digital, Dubai available in Pakistan, UAE, USA and
UK.
The FM radio business through subsidiary company B.A.G. Infotainment
(P) Limited is already operational in Karnal and Hissar. B.A.G
plans to launch Radio Dhamaal 106.4 FM through its subsidiary
wherein it has bagged 10 FM Radio licenses in the cities of
Hissar, Karnal, Patiala,Shimla, Muzaffarpur, Ranchi, Jabalpur,Jalgaon
,Dhule and Ahmadnagar.
The company is venturing into broadcasting business through
two of its subsidiaries, B.A.G. Glamour (P) Limited and B.A.G.
Newsline Network (P) Limited. B.A.G proposes to launch four
television channels in the entertainment and news segment.
B.A.G
Films has entered into a joint venture with Sieindesign Co,
a firm which has a presence in the production, distribution
and licensing of animation movies and TV series.
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