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MUMBAI:
B.A.G Films and Media has posted a net profit of Rs 18.76
million for the quarter ended 31 December 2007, a jump of
48 per cent from the corresponding quarter last fiscal.
During
the period, the company's net income stood at Rs 130.08 million,
up 20 per cent as compared to the corresponding quarter last
fiscal.
B.A.G
Films and Media MD Anurradha Prasad said, ""Our
performance in the quarter ended 31 December 2007 has been
quite satisfactory. New programming and strong emphasis on
cost-control measures have yielded higher top line and bottom
line, respectively. Going forward, we are confident of continuing
to achieve healthy revenue and profitability growth."
B.A.G
Films has forayed into broadcasting segment by launching its
first national Hindi News channel News 24 on 13 December,
through its group company B.A.G Newsline Network (P) Limited.
Within the next quarter, the company is launching its second
channel called E-24 through its subsidiary B.A.G Glamour (P)
Limited.
In
its FM radio business, which operates under the brand name
Radio Dhamaal, the company has launched six stations and will
launch four more to complete 10 FM stations in India.
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