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Pantaloon Retail posts 111% rise in net profit
Sep '08
Pantaloon Retail (India) Limited, part of the Future Group, declared its audited financial results for the year ended June 30, 2008, wherein the Total Income increased to Rs.5052.67 Crores in FY 2007-08 from Rs.3328.77 Crores FY 2006-07, an increase of 52 per cent.

Profit Before Depreciation, Interest and Taxes (PBDIT) increased to Rs 464.29 Crores in FY 2007-08, an increase of 113 per cent (excluding extraordinary income).

Net Profit (Rs.125.97 Crores) increased by 111 per cent (excluding extraordinary income). The Company had posted a Net Profit of Rs.119.99 Crores in FY 2006-07, which included an extraordinary income of profit from sale of investments of Rs.88.87 Crores.

The Board of Directors, subject to approval of members, have recommended a dividend of 30% per equity share of face value of Rs. 2.

Further, in view of proposed bonus issue of Class B shares (Series 1) carrying Differential Voting Rights (DVR), if allotted before the book closure date, board recommended, subject to approval of the members, dividend of 35% per Class B (Series 1) equity shares of face value of Rs.2.

The Meeting of the Board of Directors was held as scheduled on September 20, 2008.

Pantaloon Retail (India) Limited

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