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Eros profit rises; positive on outlook

Eros profit rises; positive on outlook
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First Published: Tue, May 31 2011. 12 48 PM IST
Updated: Tue, May 31 2011. 12 48 PM IST
Mumbai: Indian movie distributor Eros International Plc said its full-year profit rose, boosted by the box office success of Bollywood films “Dabangg” and “Housefull”.
The company, which recently listed its unit Eros International Media Ltd on the Bombay Stock Exchange in India, also gave a positive outlook for the year ahead.
Eros boasts of a strong slate of movies that include “RA.One”, staring A-listers Shahrukh Khan and Kareena Kapoor, and “Rockstar”, featuring actor Ranbir Kapoor.
Pretax profit was up $55.8 million for the year ended 31 March, compared with last year’s $49.5 million.
Revenue rose 10% to $164.6 million.
Eros releases over 70 films every year and has a library of over 2,000 film titles.
Shares of the company rose almost 1% to 227 pence at 0705 GMT on Tuesday on the London Stock Exchange.
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First Published: Tue, May 31 2011. 12 48 PM IST