Liberty Shoes today reported a decline in net profit for the fourth quarter ended March 31,2011 at Rs 1.37 crore,compared to Rs 2.79 crore in the same quarter last fiscal. The company's net sales for the quarter under review grew 15.92 per cent at Rs 81.68 crore,compared to Rs 70.46 crore in the same period in the previous fiscal,the company said in a filing to the Bombay Stock Exchange. For the year ended March 31,Liberty Shoes's net profit grew 15.65 per cent at Rs 10.64 crore,compared to Rs 9.20 crore in the last fiscal. The company's net sales in 2010-11 increase by 14.03 per cent at Rs 297.24 crore,compared to Rs 260.66 crore in 2009-10. The firm's board of directors at its meeting held today also approved for re-appointment of Satish Kumar Goel as Director (Law & Taxation) for a further period of 2 years commencing from April 1,2011 subject to the members' approval. The firm's scrips closed at Rs 93.75 per share,up 0.91 per cent compared to the previous close on the Bombay Stock Exchange.
