May 21, 2018 / 12:26 PM / 5 months ago

BRIEF-Sportking India Posts March-Qtr Net Profit

May 21 (Reuters) - Sportking India Ltd:

* MARCH QUARTER NET PROFIT 104.7 MILLION RUPEES VERSUS LOSS 37.9 MILLION RUPEES YEAR AGO

* MARCH QUARTER REVENUE FROM OPERATIONS 2.55 BILLION RUPEES VERSUS 2.73 BILLION RUPEES YEAR AGO

* IN PROCESS OF UNDERTAKING BROWNFIELD/EXPANSION PROJECT IN PUNJAB TO INCREASE SPINNING CAPACITY AT ESTIMATED COST OF 2.65 BILLION RUPEES

* APPROVED ISSUE OF 1.5 MILLION PREFERENCE SHARES WORTH UP TO 150 MILLION RUPEES ON PRIVATE PLACEMENT BASIS TO PROMOTERS Source text: bit.ly/2ITEBa9 Further company coverage:

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