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Mumbai, 10 August 2011: Eros International Media Limited (Eros International), a leading global company in the Indian film entertainment industry, today announced its consolidated financial results for the quarter ended June 30, 2011. Financial highlights (Consolidated) Q1 FY2012 Financial Performance Highlights (compared to Q1 FY2011) · Total income up 26.8% to Rs. 1,622.4 million (Q1 FY2011: Rs. 1,279.7 million)· EBIT increased by 47.4% to Rs. 369.2 million (Q1 FY2011: Rs. 250.5 million)· Profit before Tax up 46.9% to Rs. 337.9 million (Q1 FY2011: Rs. 230 million)· Profit after tax up 60.3% to Rs. 233.3 million (Q1 FY2011: Rs. 145.5 million)· Diluted EPS higher at Rs. 2.37 (Q1 FY2011: Rs. 2.16) Key Highlights · In Q1 FY2012, Eros International successfully released a total of 19 films across languages and genres.o These include 7 films in Hindi and 12 in Tamil. · Revenues during the quarter were mainly driven by:o Theatrical success of movies like ‘Ready’, ‘Chalo Dilli’ and Tamil films ‘Avan Ivan’, ‘Engeyum Kadhal’ and ‘Ko’o Strong contribution from catalogue portfolio o Stable revenues from VFX facility o New media, quite a few noteworthy deals in the area of mobile content exploitation, such as audio cinema there by maximizing the revenues from catalogue films. Commenting on the results, Mr. Sunil Lulla, Vice-Chairman and Managing Director, Eros International Media Ltd. said: “I am very pleased to share with you that the Company delivered excellent operational and financial progress for Q1 FY2012. A strong film slate, unparalleled distribution network, a remarkable film catalogue backed by our de-risking of revenues approach has been the backbone of growing profits for the Company. We have created a solid operating platform complete with sustainable competitive strengths, further placing us in a lead position within the sector both in India and globally. Our zeal and passion has positioned us in the forefront of emerging opportunities in this high opportunity sector of Indian media and entertainment. We see immense potential in this industry that mirrors the historic growth trends witnessed by Hollywood , however at a faster pace and momentum. Going forward, given our distinct business model and expertise in optimally monetizing existing and upcoming content, we expect to deliver further growth in overall performance.” Business OverviewEros International is a subsidiary of the Eros International Plc, a leading global Company in the Indian film entertainment industry. Over 33 years of presence in Indian cinema has enabled the Company to build a successful business model by co-producing, acquiring and distributing Hindi and other Indian language films across multiple channels such as theatres, television and digital new media platforms. Eros International has a strong library comprising more than 1,100 films, which provides a reliable source of recurring cash flow and enables the Company to adopt a ‘bundling’ licensing strategy which is a key competitive advantage. Further, Eros International’s distribution capabilities enable the Company to market its films to 1.2 billion people in India.According to FICCI report 2011, the Indian Media and Entertainment sector worth $17 billion in 2011 is slated to grow at over 14.3% CAGR to $ 29 billion in 2015, with the film industry expected to grow to $ 3 billion by 2015. Armed with a strong balance sheet, size and scale and a robust content and distribution strategy, Eros International is well poised to take advantage of the double digit sector growth as well as burgeoning economy within India.
Eros International Media Ltd. (BSE Script Code: 533261; NSE Script Code: EROSMEDIA) is a leading global company in the Indian film entertainment industry that acquires, co-produces and distributes Indian films across all formats such as cinema, television and digital new media. Eros International is part of Eros International Plc which was the first Indian media company to get listed on the Alternative Investment Market of the London Stock Exchange. Eros International has rich experience of over three decades in establishing a global platform for Indian cinema. The Company has a competitive advantage through its extensive and growing movie library comprising of over 1,100 films which include Hindi, Tamil and other regional language films for home entertainment distribution. Eros International has successfully built a robust and dynamic business model by combining the release of new films every year with the exploitation of a valuable film library, making it undisputedly one of the largest content owners in the business.
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