Published
May 22, 2018
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Future Retail Q4 loss totals 463.6 crore rupees

Published
May 22, 2018

Future Group’s Future Retail has reported losses totalling 463.6 crore rupees (approximately 69.7 million US dollars) for the fourth quarter of the 2017/2018 financial year that ended March 31 2018 and attributes much of this to its Hypercity acquisition.

Future Group’s Future Retail has reported losses totalling 463.6 crore rupees for Q4 - Mere Knit- Facebook


On May 22, Future Retail reported that for the fourth quarter of  2017/2018 saw the fashion retail business accrue significant losses. For the same time period a year prior (during the 2016/2017 financial year) the business achieved a net profit of 123.05 crore rupees (approximately 18.5 million dollars) and so this past quarter’s results present a stark contrast.

Future Retail attributes this result to its acquisition of Hypercity India, an exceptional expense for the business. The Hypercity deal totalled around 603.87 crore rupees (approximately 90.8 million dollars) and this is why Future Retail incurred such losses, according to the business.

The total income reported for the quarter was 4,577.79 crore rupees (approximately 688 million dollars), up 91 crore rupees year-on-year, according to the business’ Bombay Stock Exchange (BSE) fillings.

Future Retail reported a net profit for the whole 2017/2018 financial year of 11.31 crore rupees (approximately 1.7 million dollars) compared to a net profit of 368.28 crore rupees (approximately 55.4 million dollars) for the 2016/2017 financial year. Total income for the 2017/2018 financial year stood at 18,489.64 crore rupees (approximately 2.8 billion dollars) compared to income of 17,089.89 crore rupees (approximately 2.6 billion dollars) for the 2016/2017 financial year.

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