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Future Enterprises Q2 net loss at Rs 34 cr

The firm, earlier known as Future Retail, had a profit of Rs 32 cr in the July-September quarter of previous fiscal

Press Trust of India  |  New Delhi 

Kishore Biyani, CEO, Future group
Kishore Biyani of Future Enterprises

Homegrown retail major today reported a standalone net loss of Rs 33.85 crore for the second quarter ended September 30, 2016.

The company, earlier known as (FRL), had posted a net profit of Rs 32.48 crore in the July-September quarter of the previous fiscal.



Future Enterprises' (FEL) total income from operation stood at Rs 935.25 crore in the quarter under review. It was Rs 3,098.42 crore in the year-ago period, the company said in a filing.

FEL added that "figures are not comparable with the previous year/quarter" due to demerger of the retail business into Bharti Retail and demerger of the retail infrastructure of FRL into the company.

In the first half of 2016-17, the company's standalone net profit was Rs 281.63 crore, compared to Rs 76.562 crore in the year-ago period.

Net sales in the first half of the current fiscal was Rs 1,856.44 crore. It was Rs 5,997.88 crore in the same period last year.

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Future Enterprises Q2 net loss at Rs 34 cr

The firm, earlier known as Future Retail, had a profit of Rs 32 cr in the July-September quarter of previous fiscal

The firm, earlier known as Future Retail, had a profit of Rs 32 cr in the July-September quarter of previous fiscal Homegrown retail major today reported a standalone net loss of Rs 33.85 crore for the second quarter ended September 30, 2016.

The company, earlier known as (FRL), had posted a net profit of Rs 32.48 crore in the July-September quarter of the previous fiscal.

Future Enterprises' (FEL) total income from operation stood at Rs 935.25 crore in the quarter under review. It was Rs 3,098.42 crore in the year-ago period, the company said in a filing.

FEL added that "figures are not comparable with the previous year/quarter" due to demerger of the retail business into Bharti Retail and demerger of the retail infrastructure of FRL into the company.

In the first half of 2016-17, the company's standalone net profit was Rs 281.63 crore, compared to Rs 76.562 crore in the year-ago period.

Net sales in the first half of the current fiscal was Rs 1,856.44 crore. It was Rs 5,997.88 crore in the same period last year.
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Business Standard
177 22

Future Enterprises Q2 net loss at Rs 34 cr

The firm, earlier known as Future Retail, had a profit of Rs 32 cr in the July-September quarter of previous fiscal

Homegrown retail major today reported a standalone net loss of Rs 33.85 crore for the second quarter ended September 30, 2016.

The company, earlier known as (FRL), had posted a net profit of Rs 32.48 crore in the July-September quarter of the previous fiscal.

Future Enterprises' (FEL) total income from operation stood at Rs 935.25 crore in the quarter under review. It was Rs 3,098.42 crore in the year-ago period, the company said in a filing.

FEL added that "figures are not comparable with the previous year/quarter" due to demerger of the retail business into Bharti Retail and demerger of the retail infrastructure of FRL into the company.

In the first half of 2016-17, the company's standalone net profit was Rs 281.63 crore, compared to Rs 76.562 crore in the year-ago period.

Net sales in the first half of the current fiscal was Rs 1,856.44 crore. It was Rs 5,997.88 crore in the same period last year.

image
Business Standard
177 22

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