According to the Columbus, Ohio-based company Limited Brands Inc., its profit dropped by more than half during the 2nd quarter. The company said that difficult retail environment was the basic factor behind drop in its profit. However, the results of the 2nd quarter beat the expectation of the company as it kept a tight hold on its expenses and inventory.
After closing at $17.97, the shares rose to $ 1.09 (6.1 percent) as $18.90 in aftermarket electronic trading.
The specialty apparel maker company, which operates with Victoria’s Secret and Bath & Body, announced that its profit for the second quarter ended Aug.2 dropped 30 cents per share or 61 percent to $ 102 million.
