Mumbai: Galaxy Entertainment Corporation, a public
limited company listed on the Bombay Stock Exchange, has
declared a net profit of Rs 87.41 lakh during the second
quarter of this fiscal, as per the unaudited results declared
for the quarter ended 30 September 2003. In the second
quarter of the last fiscal (2002-03), the company had
posted a loss of Rs 4.34 lakh.
the quarter, the income from operations of Galaxy Entertainment
Corporation went up to Rs 9.63 crore from Rs 1.92 crore
last year. The total turnover (Rs 10.03 crore) has shown
a 373-per cent jump from the unaudited turnover (Rs 2.12
crore) of the second quarter of the last fiscal.
to the unaudited results, the operating profits (profit
before depreciation and taxation) of Galaxy Entertainment
are Rs 1.20 crore for the quarter ended 30 September 2003.
The operating profit during this quarter has shown a considerable
rise of over 395 per cent over the operating profits during
the second quarter of the last fiscal.
company''s current business operations include the bowling
company, South East Asia''s largest and most comprehensive
single indoor provider of entertainment, and Rain, the
upscale, trendy and stylish ''bar and eatery'' in north
Mumbai. Successful brands under the bowling company umbrella
are the Sports Bar, the Brew Bar and the Bowling Arcade.
The company made its entry into the Indian film industry
with its first Hindi movie, Khel, which was released
in October 2003.