| Hot Pursuit | Friday, December 30, 2011 14:07 Hrs IST |
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Eros International gains after unveiling dates of big releases for 2012 Eros International Media rose 0.62% to Rs 201.60 at 14:05 IST on BSE after the company announced the theatrical release dates of some of its key movies for the first half of 2012.
The company made this announcement after market hours on Thursday, 29 December 2011. Meanwhile, the BSE Sensex was down 35.15 points, or 0.23% to 15,508.78. On BSE, 32,000 shares were traded in the counter as against average daily volume of 1.06 lakh shares in the past one quarter. The stock hit a high of Rs 205.20 and a low of Rs 201 so far during the day. The stock had hit a record low of Rs 124.30 on 23 March 2011. The stock had hit a record high of Rs 277 on 18 October 2011. The mid-cap stock had underperformed the market over the past one month till 29 December 2011, falling 7.97% compared with Sensex's 2.9% decline. The scrip had also underperformed the market over the past one quarter, declining 17.5% as against Sensex's 6.91% fall. The firm has an equity capital of Rs 91.57 crore. Face value per share is Rs 10. Eros International Media said that post a very successful 2011 for the company, which had some of the biggest and prestigious films, Eros is now geared up for a promising 2012. The company releases 75 films in a year across different languages and has clear visibility of more than 50 films in the next 12-18 months, Eros said in a statement. Commenting on the line-up of its key films for 2012, Nandu Ahuja, SVP-India Theatrical, Eros International Media said, "We have an exciting line up for the coming year, and we are expecting these films to garner some good numbers in the first half on the year". The company said its first major movie for 2012 is the highly anticipated action-adventure Agent Vinod to be released on 23 March 2012. Next comes Housefull2, to be released on 5 April 2012. Two other key untitled movies are scheduled for release on 22 June 2012 and 13 July 2012. On a consolidated basis, Eros International Media's net profit fell 39.7% to Rs 27.35 crore on 6.3% decline in net sales to Rs 174.80 crore in Q2 September 2011 over Q2 September 2010. An entertainment firm, Eros International Media, operates on a vertically integrated studio model, controlling content as well as distribution and exploitation across all formats globally, including cinema, digital, home entertainment and television syndication.
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