*Liberty Shoes* reported a steep drop in standalone net profit for the
quarter ended December 2008. During the quarter, the profit of the company
declined 28.73% to Rs 25.11 million from Rs 35.23 million in the same
quarter last year.

Net sales for the quarter rose marginally 0.49% to Rs 700.63 million, while
total income for the quarter rose marginally 0.25% to Rs 701.05 million,
when compared with the prior year period.

The company reported earnings of Rs 1.47 a share during the quarter,
registering 28.99% decline over previous year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 700.63 697.21 0.49 *Net Profit* 25.11 35.23
(28.73) *Basic
EPS* 1.47 2.07 (28.99)

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