Liberty Shoes Q2 net sales rise to Rs 3.03 crore

Liberty Shoes has registered net sales/income from

operations of Rs 104.81 crores for the quarter ended September 30, 2013 as against Rs 70.29 crores for the same quarter in 2012. The net profit stood at Rs 3.03 crore for the quarter ended September 30, 2013 as against Rs 0.07 crore for the quarter ended September 30, 2012.

The company has reported Rs 208.76 crores net sales/income from operations for this period against Rs 145.34 crores for the half-year ended September 30, 2012. The net profit was at Rs 5.62 crore for the half-year ended September 30, 2013 against Rs 2.22 crore for the half-year ended September 30, 2012.

Keeping the need for safety shoes in sight in sectors such as automobile, construction, engineering and mining focussing more on the safety of their workforce, the shoemaker recenlty decided to focus on offering safety shoes to attarct revenues. Having sold over 31 lakh pairs in the first quarter itself, company has seen its sales revenue rise to Rs 105 crores.