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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