Thursday, 16 February 2012

Quarter IIIrd Profit dips down for Liberty

Liberty Shoes has announced its financial results for the period ended December 31, 2011.
The company posted net profit of Rs 2.51 crores for the quarter ended December 31, 2011 as compared to Rs 3.40 crores for the quarter ended December 31, 2010, representing a fall of 26.18 per cent.

Its total income was at Rs 84.14 crores for the quarter ended December 31, 2011, whereas the same was at Rs 82.37 crores for the quarter ended December 31, 2010, representing an increase of 2.15 per cent. The company has reported net profits of Rs 5.40 crores for the nine month period ended December 31, 2011 as compared to Rs 9.26 crores for the nine months
period ended Dec 31, 2010, representing a decrease of 41.71 per cent. Total income was at Rs 236 crores for the nine months period ended December 31, 2011 whereas the same was at Rs 216 crores for the 9 months period ended December 31, 2010, representing an increase of 9.18 per cent.

Currently with an annual turnover exceeding Rs 741 crores, Liberty is amongst the top five manufacturers of leather footwear of the world producing more than 50,000 pairs a day.
Present in more than 25 countries, which includes major international fashion destinations like France, Italy and Germany, company has a worldwide distribution network of 150 distributors, 350 exclusive showrooms and more than 6,000 multi-brand outlets.
http://www.fashionunited.in/news/apparel/liberty-q3-net-down-by-2618-090220123133

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