Press



Eros International Plc (“Eros” or the “Group”) Interim Results for the six months ended 30 September 2006

22/11/2006

Financial Highlights

  • Turnover up 48% to US$21.8m (pro forma aggregated 2005: US$14.7m)
  • EBITDA before IPO costs up 38% to US$14.5m (pro forma aggregated 2005: US$10.5m)
  • Profit before tax, goodwill amortisation and IPO costs up 102% to US$9.0m (pro forma aggregated 2005: US$4.4m)
  • Gross profit margin increased to 58.3% (pro forma 2005 aggregated: 51.9%)

Operating Highlights

  • Successful entry into the growing Indian theatrical arena
  • Ongoing output deals confirmed with a number of production houses like K Sera Sera
  • New media exploitation deals agreed with Comcast, RTL Holland and Movielink
  • Catalogue acquisitions to augment the existing library of 1300 titles
  • Successful launch of the Eros Music label
  • Stepped increase in Co-productions

New deals announced today

  • New content deal signed with Big Screen Entertainer
  • Four film output deal entered into with Rose Movies

Outlook

  • Content – Visibility of co-productions, output deal targets and acquisitions
  • Distribution – Visibility of forthcoming new releases, syndication deals and new media launch on Intel ViiV platform

Kishore Lulla, Chairman & Chief Executive, commented:

“Since our flotation we have focused on pursuing our key strategic objectives as a vertically integrated group within the Indian media and entertainment arena. The success of these initiatives has contributed to strong organic growth and coupled with the phenomenal growth in the Indian media sector, we believe that Eros is well positioned to take advantage of the opportunities presented by the sector.”

For further information, please contact:
Kishore Lulla, Chairman and Chief Executive
Jyoti Deshpande, Group COO & Commercial Director –
Tel: 020 8963 8778 or email: jyoti.deshpande@erosintl.com
Andrew Heffernan, Group Chief Financial Officer –
Tel: 020 8963 8410 or email: andrew.heffernan@erosintl.com
Brunswick – 020 7404 5959

* Pro forma aggregated comparatives have been shown for illustrative purposes only. Eros International Plc was incorporated on 31 March 2006 and the pro forma aggregated figures are prepared to show the hypothetical situation if the formation of the group had taken place at 1 April 2005. The figures have been prepared on a comparable basis to that used in the AIM Admission document.

View the full press release (PDF format).

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