IFC Indian Film

 

TIDMIFC 
 
RNS Number : 8724F 
Indian Film Company Limited (The) 
20 January 2010 
 

Press Release 
                                      20 January 2010 
The Indian Film Company Limited 
("IFC" or the "Company") 
 
 
 Network 18 Declares Quarterly Results for Quarter Ended 31 December 2009 
 
 
 
 
The Indian Film Company Limited (AIM:IFC), a leading Bollywood film investment 
company, announces that Network 18 Media and Investments Limited ("Network 18"), 
the parent company of IFC, will be releasing  its quarterly results to the BSE 
and NSE in India tomorrow. These will be available on Network 18's website, 
www.network18online.com. 
 
 
The financial information presented in Network 18's quarterly results includes 
information based upon IFC's management accounts which have been prepared on the 
basis of Indian GAAP. The revenue figure being reported for IFC for the period 
from 1 October 2009 to 31 December 2009 in Network 18's quarterly results is INR 
316.38 million (GBP4.16 million). 
 
 
Based upon IFC's management accounts prepared on the basis of IFRS, the revenue 
figure for the quarter ended 31 December 2009 is GBP4.16 million. 
 
 
The Network 18 quarterly results also include the following operational 
highlights in respect of IFC: 
 
 
- The films slated for release, in the fourth quarter of the current financial 
year are "Striker", "Road Movie", "Kaun Bola" and "Banda yeh Bindaas hai" 
 
 
- The Company signed up deals worth INR 240 million for satellite syndication of 
films in its library 
 
 
- The Company's productions and co-production projects are at various stages of 
completion and are progressing as scheduled. 
 
 
 
 
+----------------------------------------------------------------------------+--+ 
| For further information, please                                            |  | 
| contact:                                                                   |  | 
| The Indian Film Company Limited                                            |  | 
| www.theindianfilmcompany.com                                               |  | 
| Sandeep Bhargava                        Tel: +91 22 6629 1723              |  | 
| Grant Thornton Corporate Finance                                           |  | 
| (Nominated Adviser)                                                        |  | 
| Fiona Kindness                          Tel: +44 20 7383 5100              |  | 
| Elara Capital plc (Broker)                                                 |  | 
| Henry Burrows/Mary Phelan               Tel: +44 20 7486 9733              |  | 
| Pelham Public Relations                                                    |  | 
| Alex Walters/Francesca Tuckett          Tel: +44 20 7337 1500              |  | 
|                                                                            |  | 
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|                                                                            |  | 
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Notes to Editors 
 
 
The Indian Film Company Limited is a specialist film investment company which 
was admitted to trading on the AIM market in June 2007 and raised GBP55 million 
in order to invest in a diverse portfolio of Indian films targeted at the Indian 
audiences across varying genre, language and budgets. The Company is managed by 
Film Investment Managers (Mauritius) Ltd., which is jointly and equally owned by 
Viacom Inc. and BK Media Mauritius PVT. BK Media Mauritius PVT is owned by 
Raghav Bahl, the founder and controlling shareholder of Network 18. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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