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B4U expects to achieve operating profits of $ 2 million

16-October-2001
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B4U expects to achieve operating profits of $ 2 million

B4U Television Network is expecting to achieve operating profits of $ 2 million by the end of this financial year from its worldwide operations. The company was looking at total revenues of $ 20 million this fiscal, with operating costs at $ 18 million. B4U is targeting a net profit of $ 4 million after amortisation by March 2003.

According to the company sources B4U Music had achieved operational profits in the first year itself. B4U may not be able to encrypt it’s channels by January 2001 as informed earlier. B4U Movies is expected to go pay in the second quarter of 2002.

The B4U Network is promoted by steel magnate L M Mittal, Kishore Lulla and Gokul Binani, all based in the UK. Lulla is also the promoter of Eros International Limited, the largest overseas film distributor and the first to take Hindi movies to the UK and the US.

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