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Thursday, July 26, 2001

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Trent net plunges to Rs 2.25 cr

Trent Ltd has reported a 45 per cent decline in net profit at Rs 2.25 crore for the quarter ended June 30, 2001 as against Rs 4.11 crore in the year-ago period.

Net sales for the second quarter stood at Rs 17.45 crore, up from Rs 12.82 crore in the year-ago period. Other income was Rs 1.11 crore (Rs 3.17 crore).

Total expenditure was Rs 15.62 crore (Rs 11.02 crore). Interest was Rs 0.11 lakh (Rs 1.25 lakh), depreciation was Rs 0.59 crore (Rs 0.48 crore). Provision for tax Rs 0.1 crore (Rs 0.37 crore). -- Our Bureau

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