Anik Industries FY net profit up to Rs11.1 crore

Milk and milk products producer Anik Industries Ltd registered net profit of Rs11.1 crore for the year ended March 2010, a rise of 2.8%, as compared to Rs10.8 crore during the previous year ended March 2009.

Its total revenues rose 19.9% to Rs1,223.3 crore in the year ended March 2010 as against Rs1,021 crore during the previous year ended March 2009. Anik Industries recommended a dividend of 6% per equity share.

On Monday, Anik Industries shares declined 0.2% to Rs62 on Bombay Stock Exchange, while the benchmark Sensex gained 1.9% to 18,560 points.

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Koutons Retail Q1 net profit dips 50% to Rs5.5 crore

Garments manufacturer and exporter Koutons Retail India Ltd said its net profit for the first quarter stood at Rs5.5 crore, a fall of 50%, as compared to Rs11 crore in the same quarter last year.

During the June 2010 quarter, its total revenues decreased to Rs161.5 crore, a decline of 20%, from Rs201.8 crore. Also, the company's net sales decreased 20.2% to Rs160.6 crore from Rs201.3 crore, Koutons Retail said in a regulatory filing.

On Monday, Koutons Retail shares ended 0.5% up at Rs317 on Bombay Stock Exchange, while the benchmark Sensex gained 1.9% to 18,560 points.

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Reliance Cap Trustee buys 8.68% in Trent for Rs21.2 crore

Tata group's retail company Trent Ltd said Anil Dhirubhai Ambani-group unit Reliance Capital Trustee bought 8.68% stake in the company for Rs21.2 crore.
Trent, in a filing to the Bombay Stock Exchange (BSE), said Reliance Capital Trustee purchased 386,582 shares through a rights subscription on 31 August 2010.

The shares were bought by Reliance Capital Asset Management through various mutual fund series, including Reliance Equity Linked Saving Fund Series-I, Reliance Dual Advantage Fixed Tenure, Reliance Equity Opportunities Fund and Reliance Tax Saver ElSS Fund.

On Monday, Trent Ltd shares rose 3.2% to Rs1,166, while Reliance Capital shares ended 0.9% up at Rs790 on BSE. The benchmark Sensex gained 1.9% to 18,560 points.

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