The erosion in net profit was attributed to 223 per cent higher depreciation to Rs 6.06 crore in the investment made in creating infrastructure and technology during the year under consideration.
During the fourth quarter, the company reported a loss of Rs 0.96 crore on widening depreciation on infrastructure and technology creation which jumped by 470 per cent to Rs 5.05 crore. Total turnover of the company remained jumped, however, 40 per cent to Rs 17.68 crore.
BAG Films has forayed into braodcasting segment by launching its first National Hindi News television channel News - 24 on December 13, 2007 through its subsidiary BAG Newsline Network.
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