Koffee Break Pictures announced that the committee in their meeting held on Oct. 23, 2008, re-issued 219,000 equity shares which were earlier forfeited.

The company swung to profit for the quarter ended June 2008. During the quarter, the company reported profit of Rs 1.79 million compared with a loss of Rs 1.61 million in the same quarter, previous year.

Net sales for the quarter rose 2.26 times to Rs 33.44 million, while total income for the quarter jumped 2.26 times to Rs 33.49 million, when compared with the prior year period.

Shares of the company declined Rs 1.1, or 4.92%, to settle at Rs 21. The total volume of shares traded was 19,066 at the BSE (Wednesday).