Business Daily from THE HINDU group of publications
Wednesday, Nov 05, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, Nov 05, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Corporate Results
-
Textiles Raymond Q2 net drops on forex loss Mumbai, Nov 4 Raymond Ltd has reported 21 per cent drop in net profit at Rs 24 crore in the second quarter of the financial year ended September 30, against Rs 31 crore registered in the same period last year. Sales in the quarter under review were up 27 per cent at Rs 439 crore (Rs 345 crore). The profitability was affected on account of a forex loss of Rs 12 crore due to translation losses on foreign exchange borrowings, as opposed to a translation gain of Rs 8 crore in the same quarter of the previous year. Mr Gautam Hari Singhania, Chairman & Managing Director, Raymond Ltd, said, "Though the current financial turmoil could bring in uncertainties, we are bullish on the consumption story and can sustain our current performance." The Group added 21 stores and retail space of 46,000 sq. ft. during the quarter. The retail sales of the company have grown by 27 per cent over the same period of the previous year. Like-to-like sales of the company stores have grown over 16 per cent. - Our Bureau Raymond’s net, turnover drop in Q1 More Stories on : Textiles
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
