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Steel Authority's net down 56 percent
Tuesday, 27 January 2009, 23:38 IST
Mumbai: State-owned steel manufacturer, Steel Authority of India (SAIL), Tuesday announced its net profits had declined in the third quarter by 56.4 percent to 
8.43 billion (843.34 crore) from 19.35 billion (1,934.66 crore) in the year-ago period.
The company's net sales were down 7.14 percent to 88.52 billion (8,852.26 crore) for the period under review, against 95.33 billion (9,533.3 crore) in the corresponding previous quarter.
Total income decreased 3.77 percent from 98.48 billion (9,847.6 crore) for the quarter ended Dec 31, to 94.76 billion (9,475.6 crore) in the corresponding period this fiscal.
Source: IANS
8.43 billion (843.34 crore) from 19.35 billion (1,934.66 crore) in the year-ago period.
The company's net sales were down 7.14 percent to 88.52 billion (8,852.26 crore) for the period under review, against 95.33 billion (9,533.3 crore) in the corresponding previous quarter.
Total income decreased 3.77 percent from 98.48 billion (9,847.6 crore) for the quarter ended Dec 31, to 94.76 billion (9,475.6 crore) in the corresponding period this fiscal.
Source: IANS