United Spirits net dips 14 percent

Tuesday, 28 April 2009, 09:45 Hrs
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Mumbai: Liquor manufacturer United Spirits, a part of the Vijay Mallya-controlled United Breweries, Tuesday said its net profit dropped 14.5 percent to 556.2 million for the quarter ended March 31 as compared to 651.1 million in the same period the previous year.

The company's total income, however, increased 18.45 percent to 9.18 billion in the last quarter of 2008-09 from 7.75 billion the previous fiscal.

For the fiscal ended March 31, United Spirits posted a net profit of 2.97 billion, a decrease of 4.51 percent compared to 3.11 billion in the year-ago period.

Total income increased 21.24 percent from 32.2 billion in 2007-08 to 39.04 billion in the year under review.
Source: IANS
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