Home Retail Pantaloon Retail posts 51 per cent increase in Q3

    Pantaloon Retail posts 51 per cent increase in Q3

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    Pantaloon Retail (India) Limited, part of the , declared its unaudited financial results for the quarter ended December 31, 2009 wherein the Net Profit (Rs.50.67 crore) increased by 51.1 per cent for the quarter; income from operations (Rs.1912.84 crore) increased by 25.4 per cent; and (Rs.205.46 crore) increased by 29.4 per cent.

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    Besides, the company's board has approved acquisition of online and offline rights of global brand Forever 21 for the Indian market.

    The Meeting of the Board of Directors was held as scheduled i.e. 25th January 2010 and the Board inter-alia approved the Unaudited Standalone Financial Results for the second quarter ended 31st December 2009 along with the Limited Review Report of the Statutory Auditors.

    — IndiaRetailing Bureau