Indian Oil posts 4.15 Bn net profit in first quarter

Wednesday, 30 July 2008, 07:00 Hrs
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New Delhi: Hit by soaring international crude prices in the first quarter this fiscal, the state-owned Indian Oil (IOC) saw its net Q1 profit dipping to 4.15 billion, compared to 14.68 billion it posted in the same period last year, the company announced Wednesday.

However, its net sales rose to 744.96 billion from 528.62 billion.

The total income increased from 545.53 billion for the first quarter last year to 891.49 billion for the quarter ended June 30, 2008.
Source: IANS
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