Eros International PLC Issues Clarifying Statement
EROS INTL PLC (EROS)
Last eros intl plc earnings: 11/15 07:45 am
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erosplc.gcs-web.com
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Source: Business Wire
ISLE OF MAN--(BUSINESS WIRE)-- Eros International Plc (NYSE:EROS), a Global Indian Entertainment Company, today provided further clarification regarding the credit rating downgrade at its majority owned subsidiary, Eros International Media Limited (“EIML”). The Company offered the following statement: “As previously communicated through our Indian subsidiary, EIML was late on two loan interest payments for April and May 2019. These interest payments total less than $2 million and are currently in process of remittance. We want to reiterate our total consolidated cash on balance sheet at Eros International Plc was $134.9 million as of December 31st, 2018. In addition, EIML has recently announced a strong set of 2019 Fiscal Year end results. We look forward to discussing Eros International Plc’s Fiscal Year end 2019 results with the market on July 15th, 2019.” About Eros Intern
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