Latest News | Future Enterprises Q3 Net Loss at Rs 295 Cr
Get latest articles and stories on Latest News at LatestLY. Future Enterprises on Friday reported a consolidated net loss of Rs 294.95 crore for the third quarter ended December 31, 2020.
New Delhi, Feb 12 (PTI) Future Enterprises on Friday reported a consolidated net loss of Rs 294.95 crore for the third quarter ended December 31, 2020.
The company had logged a net profit of Rs 12.06 crore in the year-ago period, Future Enterprises Ltd (FEL) said in a BSE filing.
Revenue from operations was down 68.71 per cent to Rs 459.23 crore from Rs 1,467.81 crore.
Total expenses of FEL, which develops, owns and leases the retail infrastructure for the Future Group, were at Rs 802.86 crore in the period under review as against Rs 1,476.67 crore earlier.
Shares of FEL on Friday settled at Rs 11.31 apiece on BSE, down 3.33 per cent from the previous close.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)