bseindia.com reports that Balaji's Board of Directors (BoD) has
recommended an interim dividend of Rs two per share (100 per cent
on equity share of paid up value of Rs 2) for the half year ended
30 September, 2003.
Commenting on the results, Shobha Kapoor, CEO and MD of Balaji
is reported to have said, "During the quarter, our balanced
business model ensured that our revenues are sustained even in a
temporary tough phase of business, where launch of some of our commissioned
programmes was delayed. The investments in infrastructure and systems
have led to a substantial savings in the cost of operations thereby
further improving the company's margins."
She said, "In the coming months, after having consolidated
our operations and systems, we will be launching new shows across
various channels. We are confident that our value proposition to
our viewers and customers will take Balaji Telefilms to newer heights."