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Balaji Telefilms cuts costs; turns loss to profit

Media and entertainment company, Balaji Telefilms, turned the corner in the December 2010 quarter, compared to the September quarter or sequential basis. It earned a net profit of Rs 1.2 crore, compared to a loss of Rs 6.4 crore.
This is despite sales rising by a relatively low 3%.
Compared to the December 2009 quarter, its sales growth is flat, but net profit has fallen by 33%.

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