UTV Software Communications Limited has reported its results for the year ended March 31, 2007. Consolidated revenue of the company for the year is Rs 2,030 million and net profit is Rs 555 million.
The company has consolidated the financials of UTV-US, UTV-UK, UTV-Mauritius and Ignition Entertainment Ltd. The Board of Directors has taken on record the unaudited consolidated financial results of UTV Software Communications Limited and its subsidiaries.
UTV proposes to float its 100 per cent subsidiary UTV Motion Picture Plc based in Isle Of Man on London Stock Exchange’s AIM. This company, through its wholly owned subsidiary, will house all movie production businesses of the group, may they be Hindi, regional, Hollywood or animation movies.