FUTURE RETAIL LTD. - Announces Q4 results and Limited Review Report for the Quarter ended December 31, 2013
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| 13 Feb 2014 | |
| Future Retail Ltd has announced the following Unaudited results for the quarter ended December 31, 2013:<br/><br/>The Company has posted a net profit of Rs. 217.40 million for the quarter ended December 31, 2013 where as the same was at net loss of Rs. (204.10) million for the quarter ended December 31, 2012. Total Income is Rs. 23313.30 million for the quarter ended December 31, 2013 where as the same was at Rs. 12893.30 million for the quarter ended December 31, 2012.<br/><br/>- The scheme of Amalgamation and Arrangement of Future Value Retail Limited (FVRL), a wholly owned subsidiary company with the company under the provisions of section 391-394 of the Companies Act,1956 for merger of FVRL with effect from July 01, 2012 has been given effect in accounts for the quarter ended December 31, 2013 after receipt of approval of Hon'ble High Court of Judicature at Bombay on January 31, 2013 and scheme has been made effective upon filing of the certified copy of court order with Registrar of Companies, Maharashtra on February 11, 2014. Pursuant to the same all the assets and liabilities of FVRL merged and vested in the company. In view of the same, the financial results of the present quarter and twelve months ended December 31, 2013 include performance of the FVRL. Accordingly, the previous period's figures are not comparable. | |
| View all announcements for FUTURE RETAIL LTD. | Source: BSE India |
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