UPDATE 1-Television boosts movie distributor Eros' FY profit
* Pretax profit up 7 pct, turnover rises 39 pct
* Looking at shift to LSE main list and listing in India
* Shares rise 4 pct
July 2 (Reuters) - Indian movie distributor Eros International Plc (EROS.L: Quote, Profile, Research) posted a rise in full-year profit as its television business revenue nearly doubled, driven by syndication deals with Indian satellite broadcasters and sales in dubbed markets.
The AIM-listed company -- which has a library of over 1,900 films -- is now looking at a shift to the London Stock Exchange's main list, and is also exploring plans for a listing in India.
For the full year ended March 31, pretax profit rose to $48.4 million, compared with $45.5 million in the year-ago period.
Group turnover grew 39 percent to $156.7 million.
The company's television syndication revenue rose 94 percent to $64 million, while digital and home entertainment revenue grew 67 percent to $46.2 million.
Theatrical revenue fell by 11 percent to $46.3 million. Continued...
UK joins G20 push for world levy on banks
Britain threw its weight behind proposals to impose a global levy on banks to fund future bailouts and called on the G20 to work toward a $100 billion deal to meet the cost of climate change. Full Article | Full Coverage
Galleon case
U.S. insider trading probe widens
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal. Full Article
India
US
UK
