India's Trident reports higher first-quarter profit on lower expenses
The company reported a consolidated net profit of 1.4 billion rupees ($16.21 million) for the three months ended June 30, compared to 737 million rupees a year ago.
A marginal 2% decline in revenue for Trident, which supplies home textiles to major global retailers such as Walmart (WMT.N), opens new tab and Target (TGT.N), opens new tab, was overshadowed by a 7% decline in expenses.
($1 = 86.3930 Indian rupees)
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