Tata Group’s retail firm Trent Ltd today posted over two-fold increase in net profit for the fourth quarter ended March 31,2012,at Rs 19.52 crore.
During the three months ended March 31,2011,the company’s net profit was Rs 9.01 crore,it said in a filing to the BSE.
Trent’s net sales for the quarter under review increased by 21 per cent to Rs 183.02 crore from Rs 151.28 crore in the year-ago period.
The firm’s net profit for 2011-12 fiscal grew 9.83 per cent to Rs 47.26 crore,against Rs 43.03 crore in 2010-11.
Net sales also grew 21.25 per cent to Rs 770.14 crore from Rs 635.12 crore in the previous year.
The company’s board at its meeting held on May 28,2012,has approved a dividend of Rs 6.50 per equity share of Rs 10 each.
Trent’s scrip closed at Rs 915 per share,up 0.53 per cent from the previous close on the BSE.
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