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India. UBL’s September quarter profit down 48.09% to Rs27.05 crore

UBL’s total income from operations on standalone basis was up 3.16% to Rs2,201.24 crore for the quarter ended on 30 September 2016.

ubl-kvff-621x414livemintLiquor firm United Breweries on Friday reported 48.09% decline in standalone net profit to Rs27.05 crore for the quarter ended on 30 September 2016. It had posted a net profit of Rs52.11 crore in the July-September quarter a year-ago, the company said in a filing to the BSE.

Total income from operations on standalone basis was up 3.16% to Rs2,201.24 crore during the period under review as against Rs2,133.74 crore of the corresponding quarter of the previous fiscal. Its total expenses were up 4.45% to Rs2,150.29 crore as against Rs2,058.54 crore.

For the first half of FY 2016-17, United Breweries’ net profit was marginally down 0.08% to Rs174.11 crore as against a net profit of Rs174.25 crore in the year-ago period. Its total income from operation in the first half of the current fiscal was up 9.60% at Rs5,445.87 crore as against Rs4,968.55 crore in the same period last year.

Shares of the company settled on Friday at Rs875.00 on BSE, up 0.39% from previous close.

7 Nov. 2016

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