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Friday, Jul 22, 2005

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Trent Ltd net up 60 pc

Our Bureau

MUMBAI: Trent Ltd has reported a 60 per cent increase in net profit at Rs 5.23 crore for the June 2005 quarter, against Rs 3.26 crore in the year-ago period.

Total income of the Tata-owned enterprise moved up to Rs 75.36 crore from Rs 49.63 crore in the year-ago period.

Advertisement and sales promotion moved up to Rs 7.44 crore (Rs 4.59 crore). Contribution of retail increased substantially to Rs 73.7 crore from Rs 46.57 crore in the year-ago period.

During the quarter a new Westside store was opened in Bangalore bringing the total number of stores to 18.

Shares of Trent edged up to Rs 670 on the Bombay Stock Exchange from the previous close of Rs 667.25.

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