 "Future Retail posts Rs 66.48 profit annually")
Kishore Biyani-led Future Retail posted a net profit of Rs 66.48 crore net profit for the quarter ending June 30, 2014 as compared to a loss of Rs 14 crore it posted in the corresponding quarter of previous financial year.
The profit was mainly due to Rs 100 crore profit made by the company through sale of investment. The company made a loss of Rs 34 crore before interest charges and exceptional item.
The company, however, posted almost seven-fold growth in net sales at Rs 2,317 crore in June quarter of current financial year as compared to Rs 338 crore in the corresponding quarter of previous financial year.