BAG Films and Media Ltd has declared that its net income has appreciated by 68 per cent, making it Rs 126.62 million. The company announced its financial results for the quarter ended March 31, 2007. The company, with a presence in the programming, films and new media business segments, has delivered strong financial and operating growth on a quarterly basis. It also runs a media school.
Commenting on the performance for the fourth quarter of the financial year, Anurradha Prasad, Managing Director, BAG Films and Media Ltd, said, “Our performance in the quarter ended March 31, 2007 has been quite satisfactory. Strong emphases 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.”
In the quarter of January-March 2007, the operating profit before interest depreciation and tax (PBIDT) also increased by 11.5 per cent, making the total Rs 27 million. Profit after tax increased by 87 per cent to Rs 7.64 million, translating to an annualised EPS of Rs 0.55.
In the April 2006 to March 2007 quarter, BAG Films’ PBIDT increased by 28 per cent to Rs 82 million. Cash profits raised by 16 per cent to Rs 93 million. Profit after tax increased by 10 per cent to Rs 33.60 million, translating to an annualised EPS of Rs 0.55. Net income from sales/operations appreciated by 4 per cent to Rs 441.42 million, as compared to Rs 423.87 million last year. The Board has recommended a dividend of 10 per cent to the shareholders.