provogue (india) ltd (PROV) Snapshot

Provogue (India) Ltd. announced audited standalone earnings results for the fourth quarter and full year and consolidated earnings results for the full year ended March 31, 2013. For the quarter, on standalone basis, the company reported profit from operations before other income, finance costs and exceptional items of INR 76.15 million compared to INR 104.782 million reported a year ago. Net loss was INR 64.233 million or INR 0.56 per basic and diluted share before and after extraordinary items compared to net profit of INR 18.175 million or INR 0.16 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 1,344.465 million compared to INR 1,620.231 million reported a year ago. Profit from ordinary activities before tax was INR 10.467 million against INR 5.443 million a year ago. For the year, on standalone basis, the company reported profit from operations before other income, finance costs and exceptional items of INR 488.649 million compared to INR 480.135 million reported a year ago. Net profit was INR 128.944 million or INR 1.13 per diluted share before and after extraordinary items compared to net profit of INR 250.3 million or INR 2.19 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 5,254.508 million compared to INR 5,930.773 million reported a year ago. Profit from ordinary activities before tax was INR 258.371 million against INR 296.079 million a year ago. For the year, on consolidated basis, the company reported profit from operations before other income, finance costs and exceptional items of INR 600.583 million compared to INR 466.69 million reported a year ago. Net profit was INR 194.869 million or INR 1.77 per basic and diluted share before and after extraordinary items compared to net profit of INR 201.303 million or INR 1.89 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 7,644.909 million compared to INR 7,694.178 million reported a year ago. Profit from ordinary activities before tax was INR 338.055 million against INR 257.579 million a year ago.

Provogue (India) Ltd. announced that the board of directors of the company at its meeting held on May 29, 2013, inter alia, has recommended a dividend of INR 1 or 10% per equity share of face value of INR 1 each for the financial year 2012-13 subject to the approval of members of the company at ensuing Annual General Meeting.

Provogue (India) Ltd. appointed Salil Chaturvedi, Deputy Managing Director as a non-executive director with effect from May 01, 2013.