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MUMBAI:
Eros International Media, the pure play movie production
company, has posted a consolidated net profit (after
minority interest) of Rs 1.48 billion for the fiscal
ended 31 March 2012, up 26.1 per cent as compared to
Rs 1.17 billion a year ago.
Total
income jumped 34.5 per cent to Rs 9.63 billion.
Eros
International Media MD Sunil Lulla said: "I am
delighted to announce our results for FY’12, a
year in which the company achieved continued growth
and margin expansion. The results and growth have been
underpinned by box office success of our major film
releases as well as contributions from our underlying
business model that monetizes content across multiple
distribution channels. Our continued investment in content
has yielded what we believe is a strong movie slate
for FY2013, supported by the box office performance
of ‘Housefull 2’ and ‘Vicky Donor’,
that we hope to strengthen further."
The
company released a total of 77 films during the fiscal,
including 20 Hindi and 50 regional language films.
The list includes Ra. One, Zindagi Na Milengi Dobara,
Ready, Rockstar and Desi Boyz and Tamil films like
Velayudham, Mambattiyan, Engeyum Kadhal, Vedi, 3,
Rajapattai, Nanban.
Eros’
Ebit for the fiscal increased by 39.9 per cent to
Rs 2.26 billion (FY2011: Rs 1.61 billion).
Meanwhile,
for the quarter ended 31 March, the net profit jumped
118.5 per cent to Rs 297.1 million, up from Rs 136
million in the corresponding quarter of the previous
fiscal.
Total
income in the quarter grew 88.5 per cent to Rs 2.2
billion, from Rs 1.16 billion in the year -ago period.
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