Future Lifestyle Fashion Ltd (FLFL), part of Kishore Biyani-led Future Group today reported 53.70 per cent decline in net profit at Rs 3.56 crore for the first quarter ended June 30, 2014.
The company had posted net profit of Rs 7.69 crore in the same quarter last year.
Net sales of Future Lifestyle Fashions during April-June period was Rs 683.06 crore, up 11.72 per cent as against Rs 611.38 crore in the same period a year ago.
During the quarter FLFL's overall expenses increased by 12.15 per cent to Rs 656.15 crore compared to Rs 585.04 crore in the same quarter a year ago.
Shares of the company today closed at Rs 92.95 apiece, down 2.31 per cent from the previous close on BSE.
