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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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Hindustan Media Ventures to hold board meeting
Jun 29,2017

Hindustan Media Ventures will hold a meeting of the Board of Directors of the Company on 17 July 2017, to consider and approve the Un-audited Financial Results of the Company for the quarter ending on 30th June 2017.

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JMC Projects (India) to hold board meeting
Jun 29,2017

JMC Projects (India) will hold a meeting of the Board of Directors of the Company on 3 July 2017, to consider the various fund raising options, inter alia, including issue of Secured / Unsecured Non-Convertible Debentures in one or more series / tranches, on a private placement basis, subject to the approval of the members at the ensuing Annual General Meeting of the Company.

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Bhushan Steel to hold board meeting
Jun 29,2017

Bhushan Steel will hold a meeting of the Board of Directors of the Company on 5 July 2017, to consider and approve Audited Financial Results of the Company for the quarter and year ended 31 March 2017.

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HDFC to hold board meeting
Jun 29,2017

HDFC will hold a meeting of the Board of Directors of the Company on 26 July 2017.

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India Steel Works to hold board meeting
Jun 29,2017

India Steel Works will hold a meeting of the Board of Directors of the Company on 28 June 2017.

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Supreme Infrastructure India to hold board meeting
Jun 29,2017

Supreme Infrastructure India will hold a meeting of the Board of Directors of the Company on 1 July 2017, to consider Offer and issue of securities on preferential basis to Promoters/ Promoter Group of the Company / Non Promoters

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Thomas Cook (India) completes acquisition of Kuonis global DMS network
Jun 29,2017

Thomas Cook (India) announced the completion of the acquisition of a significant part of Kuonis global DMS network.

As a part of this acquisition, the Thomas Cook India Group will now include leading Destination Management Specialists (DMS) like Asian Trails (APAC), Desert Adventures (MENA), ATM-Australian Tours Management (Australia), Allied T Pro (North America),Private Safaris (Eastern Africa) and Private Safaris (Southern Africa) under its network creating a seamless delivery capability for the group and its B2B and B2C customers across 21 countries and 4 continents.

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Edelweiss Financial Services gets ratings assigned for ST debt issue
Jun 29,2017

Edelweiss Financial Services announced that CRISIL has assigned the rating of CRISIL A1+ (CRISIL A one plus) to the Rs. 4500 crore Short Term Debt Issue of the Company.

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Remsons Industries gets revision in credit ratings for LoC
Jun 29,2017

Remsons Industries announced that ICRA has revised the rating for Line of Credit of the Company for Rs 22.20 crore as under -

Long term rating at ICRA BB+ from ICRA BBB-. Outlook for the long term rating is Negative.

Short term ratings at ICRA A4+ from ICRA A3.

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Financials lift Hong Kong stocks
Jun 29,2017

The Hong Kong stock market ended stronger on Thursday, 29 June 2017, mirroring gains on the Wall Street overnight and Mainland China bourses today. Meanwhile, buying spirit was also aided by speculation that the Chinese government would unveil supportive policies as President Xi Jinping visits the former British colony to commemorate the 20th anniversary of Hong Kongs handover to China on July 1. The Hang Seng Index ended up 281 points to 25,965. The H-share index also rose 23 points to 10,432. Turnover increased to HK$80.9 billion from HK$77 billion on Wednesday.

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China Stocks up resources rally
Jun 29,2017

The Mainland China equity market closed higher on Thursday, 29 June 2017, as risk sentiments buoyed by easing fears of a quarter-end liquidity crunch in the banking system, as well as a rise in the yuan, which assuaged concerns about capital outflows. Most of the SSE sectors climbed with shares of commodity-linked players being major gainers driven by strong gains in raw material. The blue-chip CSI300 index rose 0.62%, to 3,668.83 points, while the Shanghai Composite Index gained 0.47% to 3,188.06 points.

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Nikkei nears 2-year high
Jun 29,2017

The Japan share market finished session near two-year peak on Thursday, 29 June 2017, on tracking rally in the Wall Street overnight, with exporters and financials being major gains, thanks to the yens retreat against the U.S. dollar and rally in US financial peers after Federal Reserve ratified plans from US banks to use extra capital for stock buybacks and dividends. The 225-issue Nikkei Stock Average added 0.45%, or 89.89 points, to 20,220.30. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 0.60%, or 9.70 points, to 1,624.07.

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Vinati Organics announces expansion of Isobutyl Benzene capacity
Jun 29,2017

Vinati Organics is expanding its Isobutyl Benzene capacity to 25000 MT at its Mahad facility in order to meet the strong demand outlook for the product.

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Australia Market climbs on financials, miners
Jun 29,2017

Australian equity market finished session in the highest level in two weeks on Thursday, 29 June 2017, on mirroring solid gains on Wall Street overnight and further gains in commodity markets, with shares of banks and miners leading rally. At the close, the S&P/ASX 200 was 1.1% higher at 5818.1 points, Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 747 to 427 and 414 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 8.40% to 11.855.

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Magma Fincorp provides update on step down subsidiary - Magma Housing Finance
Jun 29,2017

Magma Fincorp announced that Manish Jaiswal has been appointed as MD and CEO of its step down subsidiary, Magma Housing Finance. Manish Jaiswal has replaced Sachin Khandelwal who has stepped down. He will also hold the additional charge of heading Magmas SME business.

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