1. WS Retail FY14 profit plunges 66% to Rs 67 lakh

WS Retail FY14 profit plunges 66% to Rs 67 lakh

WS Retail, which was sold off by Flipkart to a group of investors led by former OnMobile...

By: | Bangalore | Updated: November 8, 2014 1:25 AM

WS Retail, which was sold off by Flipkart to a group of investors led by former OnMobile COO Rajiv Kuchchal in February 2013 to comply with the country’s FDI regulations, has reported a profit of Rs 67 lakh on sales of Rs 3,135 crore for FY14.

While sales more than doubled from Rs 1,345 crore in FY13, net profit slumped drastically to Rs 67 lakh from Rs 2 crore in FY13.

Tags: WS Retail
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