Jain Studio exhibits record rise

DQW News Bureau


New Delhi, Nov 14

Jain Studio Limited, the company backing Jain TV and Jain Internet, announced their Q2 results of current fiscal ended 30th September, 2000. The increase recorded in net profit is by 59.77 percent in the 2nd quarter of current fiscal year. 

The company has shown a phenomenal jump in income as compared to the same period in 1999. Total income for the 2nd quarter of current fiscal increased to Rs 221.24 Lac, during the same period in the previous fiscal, registering a rise of 261 percent.

In line with growth in income, net profit before tax also increased from 66.40 Lac during the 2nd quarter of 1999-2000 to 106.09 Lac during Q2 of current financial year. This amounts to an increase in net profits by as much as 9.77 percent over the previous fiscal.

Growth in profits is notwithstanding the huge increase of Rs 537.84 Lac (347 percent) in expenditure during the 2nd quarter of 2000-2001 compared to similar quarter of 1999-2000, as a sequel to setting up facilities for Internet services and payment gateway facilities.

Jain Internet, a service provider operating in the convergence arena, has appointed Ramesh Awtaney as their Chief Executive Officer.