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Future Lifestyle's Q2 profit at Rs 108.90 cr

During the July-September quarter, FLFL's net sales stood at Rs 690.10 crore

Press Trust of India New Delhi
Last Updated : Oct 31 2013 | 7:12 PM IST
Future Lifestyle and Fashions Ltd (FLFL) today reported net profit of Rs 108.90 crore for the second quarter ended September 30, 2013-14.

The company did not have operations in the corresponding quarter of the previous fiscal, 2012-13.

During the July-September quarter, FLFL's net sales stood at Rs 690.10 crore, the company said in a BSE filing.

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FLFL divested its 25.8% stake in BIBA Apparels in favour of a PE fund for Rs 190 crore during the quarter.

The company, in an investors' update, said it plans to exit its 22.9% stake in AND Designs during the December 2013 quarter.

Future Retail demerged its fashion business in November 2012 and formed a new company called Future Lifestyle Fashions (FLFL). FLFL has a portfolio of over two dozen fashion and lifestyle brands.

FLFL scrip closed at Rs 70.65, down 4.25%, on the BSE.

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First Published: Oct 31 2013 | 7:10 PM IST

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