B.A.G. Films net profit up 16 per cent

NEW DELHI: The Anurradha Prasad and Rajiv Shukla-promoted B.A.G. Films, a television software house with ambitions of morphing into a broadcasting company, has announced that it has registered a 16 per cent increase in net profit and 42 per cent increase in turnover for the third quarter ended 31 December 2003.

 
The board of directors of B.A.G. Films Limited, while adopting its financial results for the third quarter as well as nine months, said the increase in turnover translated to Rs 130.6 million, compared to Rs 92.2 million for the same corresponding period previous year, according to a company statement.

To increase its presence in regional programming, the company has commenced operations in Kolkata by starting production of two programmes, a daily soap and a weekly one-hour documentary feature for the Rathikant Basu-promoted Tara Bangla channel. Both the shows will be on air in February and the company has signed up with local talents as creative manpower.

Commenting on the financial results, B.A.G. Films MD Anurradha Prasad said, The company has shown strong performance due to the strength and support of its professional team of employees, strong internal management systems and its focus on changing needs of the viewers.