Textile company S Kumars Nationwide today said its net profit stood at Rs 60.09 crore for the year ended March 31, 2009, while it had a net profit of Rs 178.13 crore in the same period previous fiscal.     

"The financial results of the company for the year ended March 31, 2009 are not comparable with the results for the year ended March 31, 2008 on account of the subsidiarisation of 'Reid & Taylor' with effect from January 1, 2008," S Kumars Nationwide said in a filing to the Bombay Stock Exchange (BSE).     

Click here for Cloud Computing

Also Read   Related Stories News Now - J K Cotton Mill ready for competition after 19 yrs of closure - Lodha Group top bidder for NTC prime land in Mumbai - Maran to visit Japan for promoting textiles industry - Textile industry attracts 50% more investments in FY'09 - Maran to led trade delegation to Japan - Raymond re-appoints Gautam Hari Singhania as CMD

Also Read   Related Stories News Now - Markets end lower on profit booking - Govt goes ahead to allow direct import of jet fuel by airlines - Sahara-BCCI stalemate ends, Pune Warriors to play in IPL - GM reports weaker-than-expected profit - Israel steps up security for its diplomats More

S Kumars Nationwide was trading at Rs 39.75 on the BSE, up 2.45 per cent from previous close.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower on profit booking - Govt goes ahead to allow direct import of jet fuel by airlines - Sahara-BCCI stalemate ends, Pune Warriors to play in IPL - GM reports weaker-than-expected profit - Israel steps up security for its diplomats

Tags : textile | S Kumars Nationwide | Reid & Taylor | Financial Results | Q1FY10   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Medium-sized businesses are the engines of a smarter planet. -  Save over Rs.3000 with IndianOil Citibank Card -  We live for our family. have you secured them? -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...