Pantaloon to announce financial results by Sep 30

New Delhi, Sep 14 (UNI) Pantaloon Retail India Ltd today said it will declare the financial results for the year ended on June 30, 2006 on or before September 30.

Recently the company decided to take the plunge in the logistics space and is currently in the process of initiating a new logistics division -Futures Logistics, for its huge captive business, which will be expanded later to provide third-party logistics services to the growing retail sector.

The total initial investment in Future Logistics will be around Rs 400-500 crore.

As part of the operation, Pantaloon is also undertaking to reduce its warehousing costs through a consolidation process.

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