Eros Int'l (EROS) Reports Q4 Revenue of $65.1M
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Eros International Plc Reports Free Cash Flow Positive Fiscal Year 2016 Results
June 28, 2016 8:41 AM EDTISLE OF MAN, United Kingdom--(BUSINESS WIRE)-- Eros International Plc (NYSE: EROS) (Eros or the Company), a leading global company in the Indian film entertainment industry, today reported financial results for the fourth quarter and fiscal year ended March 31, 2016.
Financial Highlights
Fiscal Year Ended March 31, 2016
Generated positive Free Cash Flow of $21.8 million in Fiscal 2016 compared to a loss of $159.6 million in Fiscal 2015, primarily due to significant increase in operating cash flows of 98.8%. Net Debt reduced 19.8% to $129.1 million in Fiscal 2016 as compared $161.0 million in Fiscal 2015 primarily due... More