Pantaloon Retail net up 22 percent

New Delhi, Oct 22 (IANS) Leading retailer Pantaloon Retail India posted 22 percent growth in its net profit for the quarter ended Sep 30, 2008 over the corresponding period of last year.

Pantaloon reported a net profit of Rs.361.8 million in the quarter under review as against Rs.296.9 million in the year-ago period, a company statement said here Wednesday.

Its net sales went up 39 percent to Rs.15.11 billion from Rs.10.86 million.

The company opened nearly 18 stores in the July-September quarter. The company's retail space has increased from 7.9 million square feet to 8.6 million square feet, the statement said.