Eros subsidiary's aim is true
Bollywood film maker Eros International said its Indian subsidiary Eros International Media (EIML) had a good box office track record in the April - June quarter.
Bollywood film maker Eros International said its Indian subsidiary Eros International Media (EIML) had a good box office track record in the April - June quarter.
Revenue was up 60% to $48.0m from a year earlier, while earnings before interest and tax jumped 42% to $9.7m.
EIML released 23 films during the quarter, the first of the subsidiary's financial year, up from 19 in the corresponding period of 2011.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The group has got off to a positive start to the second quarter of the fiscal year, with the release of 'Cocktail' in July 2012 netting $18.5m worldwide.
"We are once again proud to have picked a fine slate of films such as Housefull 2, Ferrari Ki Sawaari and Vicky Donor which have not only performed well at the box office but also been successfully monetised across television and digital platforms," said Sunil Lulla, Managing Director of EIML.
"We are especially encouraged by the box office success of a modest budget film like Vicky Donor which demonstrated potential for smaller films among a growing multiplex audience and widening the appeal of our films," he added.
Shares of the parent company, Eros International, rose 5.5p to 194p in the morning session.
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
8 of the best riverside properties for sale
The best riverside properties for sale – from a Grade II-listed former mill house with views over the River Chelmer in Essex, to a townhouse on a Georgian terrace overlooking the Avon Gorge in Clifton, Bristol
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?