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Future Retail posts loss of ₹463.62 crore in Q4FY18
23
May '18
Courtesy: Photo by Daian Gan from Pexels
Courtesy: Photo by Daian Gan from Pexels
For the fourth quarter of 2018 ending on March 31, Kishore Biyani- led Future Retail has posted net loss of ₹463.62 crore, as compared to the net profit of ₹123.05 crore in the same period a year ago. For financial year 2017-18 the company recorded net profit of ₹11.31 crore, as against the net profit of ₹368.28 crore in 2016-17.

For the reported period, with the separation of the retail business undertaking of Hypercity Retail (India) with the company, an exceptional expense of ₹603.87 crore was recorded, Future Retail said in a BSE filing.

The income for the fourth quarter was posted at ₹4,577.79 crore, as against the total of ₹4,486.39 crore in January-March 2016-17. For full year 2017-18, income was ₹18,489.64 crore, as compared to ₹17,089.89 crore in the previous year.

Future Retail, the flagship company of Future Group, serves customers in more than 250 cities across the country through over 12 million square feet of retail space. (RR)

Fibre2Fashion News Desk – India


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