Pantaloon Retail (India) Limited, part of the Future Group, declared its unaudited financial results for the quarter ended December 31, 2007 wherein the Income from operations (Rs.1226.75 crore) for the quarter increased by 62.9 per cent; and PBDIT (Rs.110.93 crore) increased by 93.06 per cent.

The Meeting of the Board of Directors was held as scheduled i.e. 22nd January 2007 and the Board inter?alia took the following decisions:

a) Board took on record the Unaudited Financial Results for the second quarter ended on 31st December 2007 along with the Limited Review Report of the Statutory Auditors, which are attached herewith.

b) Board has approved setting up wholly owned subsidiary companies for Big Bazaar and Food Bazaar, Speciality Retail Business Activities and Property & Mall Management Division and transfer the respective businesses of the Company on a going concern basis to the respective subsidiaries, subject to receipt of all requisite statutory and other necessary approvals.

c) Board noted the appointment of Mr. C. P. Toshniwal as Chief Financial Officer w.e.f 18/01/2008 in place of Mr. K. K. Rathi who has resigned.

Sourced From: Brand Comm

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• Pantaloon Retail posts 71.4% increase in net profit
• Pantaloon Retail boards approves 1:10 bonus issue
• Opto Circuits posts 103% gwth in sales in Q3FY08
• ICICI Bank net interest income increase 41% to Rs 2090cr
• Gayatri Projects posts 51.90% growth in PAT