Profit

PVR Posts Net Profit of Rs 74 Lakh in Q4

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New Delhi: 
Multiplex operator PVR Ltd on Thursday reported a consolidated net profit of Rs 74 lakh for the quarter ended March 31, 2014.
 
The company had posted a net profit of Rs 11.72 crore for the corresponding quarter a year ago, it said in a filing to the BSE.
 
PVR said the results were not comparable with that of last financial year due to the acquisition of Cinemax India in January 2013.
 
Net sales during the fourth quarter of FY14 stood at Rs 313.87 crore as compared to Rs 236.23 crore in the year-ago period.
 
During FY14, the company's net profit stood at Rs 56.05 crore, against Rs 44.50 crore in previous financial year.
 
Net sales in 2013-14 were at Rs 1,347.51 crore as compared to Rs 806.39 crore in the same period last year.
 
The company's board has recommended a final dividend of Rs 2.50 per share.
 
As of 2:47 p.m., shares in PVR were trading at Rs 547.75 apiece on the BSE, down 1.62 per cent from the previous close. 


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