Eros sees profit growth without major hits

July 03, 2009 Eros International, the Bollywood producer and distributor, saw last year's profit grow by 7% in a year with fewer releases and without major hits. The company blamed its margin dilution on the weakness of the Indian Rupee against the dollar, delays to its releasing schedule and start-up costs in India as it expanded local distribution and special effects unit Eyeqube. Eros gave global releases to only 24 films, compared with 52 the previous year and deferred big releases like "Kambakkth Ishq," "Love Aaj Kal" and "Aladin" till after settlement of the dispute over rental terms between producers and multiplex owners.

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