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Friday, February 11, 2011

Pantaloon Retail (India) Ltd: Announces Q2 results

Pantaloon Retail (India) Ltd has announced the following Unaudited results for the quarter ended December 31, 2010:

The Company has posted a net profit of Rs 199.10 million for the quarter ended December 31, 2010 where as the same was at Rs 506.70 million for the quarter ended December 31, 2009. Total Income is Rs 10279.90 million for the quarter ended December 31, 2010 where as the same was at Rs 19148.60 million for the quarter ended December 31, 2009.

The Consolidated Results are as follows :

The Unaudited consolidated results for the Quarter ended December 31, 2010

The Group has posted a net profit after minority interest of Rs 124.00 million for the quarter ended December 31, 2010. Total Income is Rs 30817.00 million for the quarter ended December 31, 2010.

In view of the managements decision to realign the business of the Company, including transfer of 'value retail business' to its wholly owned subsidiary & Demerger of HSRIL business into PRIL and Demerger of certain business from PRIL into Agre Developers Ltd. (formerly known as Future Mall Management Ltd.) & its wholly owned subsidiary Agre Properties and Services Ltd. (formerly known as Future Merchandising Ltd.), the performance of the quarter ended would not be comparable with corresponding quarter of previous year.Read More

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