FOURENN APPARELS LIMITED

Article Abstract:

Fourenn Apparels Limited of Bangalore has announced its unaudited financial results for quarter ended June 30, 1998-99. (gs) --------------------------------------------------------- Unaudited financial results of Fourenn Apparels Limited (Rs in lakh) --------------------------------------------------------- Particulars Quarter ended June 30 Year ended 1998 1997 31/3/1998 --------------------------------------------------------- Net sales 31.34 58.49 169.09 --------------------------------------------------------- Other income 0.42 0.42 3.10 --------------------------------------------------------- Expenditure 26.20 59.73 150.13 --------------------------------------------------------- Interest 1.82 2.72 10.20 --------------------------------------------------------- Post-interest gross profit 3.74 -3.54 11.86 --------------------------------------------------------- Depreciation 2.58 2.86 11.47 --------------------------------------------------------- Tax - - 0.04 --------------------------------------------------------- Net profit 1.16 -6.40 0.35 --------------------------------------------------------- Equity 125.00 125.00 125.00 ---------------------------------------------------------

Comment:

Posts net sales of Rs169.09 lakh for FY 1997-1998

Sales, profits & dividends, Apparel & Related Products, Apparel Manufacturing, Fourenn Apparels Ltd.

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SPENCER'S PLANS EXPANSION TO BOOST RETAIL BUSINESS

Article Abstract:

Spencer and Company Ltd (SCL) of the RPG group plans to expand to increase its retail business through Food World, Health and Glow and Music World outlets. It will also expand its airline travel business. It plans to sell its 100 years old Spencer's brand, which is expected to fetch a huge amount. SCL's retail outlets are expected to be 46 in about one year. It posted a turnover of Rs208 crore in 1997-98. (gs)

Comment:

Plans to expand to increase retail business through Food World, Health & Glow & Music World outlets

Facilities & equipment, Apparel & Shoe Stores, Clothing and Clothing Accessories Stores, Spencer and Company Ltd.

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