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Future Enterprises reports third quarter loss of Rs 295 crore

Future Enterprises on Friday reported a consolidated net loss of Rs 294.95 crore for the third quarter ended December 31

Future Enterprises | Q3 results

Press Trust of India  |  New Delhi 

December quarter results: Analysts expect tepid numbers

on Friday reported a consolidated net loss of Rs 294.95 crore for the third quarter ended December 31, 2020.

The company had logged a net profit of Rs 12.06 crore in the year-ago period, Ltd (FEL) said in a BSE filing.

Revenue from operations was down 68.71 per cent to Rs 459.23 crore from Rs 1,467.81 crore.

Total expenses of FEL, which develops, owns and leases the retail infrastructure for the Future Group, were at Rs 802.86 crore in the period under review as against Rs 1,476.67 crore earlier.

Shares of FEL on Friday settled at Rs 11.31 apiece on BSE, down 3.33 per cent from the previous close.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, February 12 2021. 20:06 IST