31 January 2008 08:06 [Source: ICIS news]
MUMBAI (ICIS news)--Indian Oil Corporation posted a 67.7% year-on-year rise in third-quarter operating profits to total rupees (Rs) 43.1bn ($1.1bn), it said on Thursday.
The company failed to elaborate on its results.
For the period ended 31 December, the refinery major’s third-quarter net sales rose 13.6% to Rs589.6bn, while its net profits surged 97.4% year on year to Rs20.9bn.
Quarter-on-quarter operating profits fell 32.5%, while its net profits dropped 45.2%, however net sales rose 18.4%.
IOC’s shares were up 7.54% at 07:30 GMT to Rs489.90 on the Bombay Stock Exchange.
($1 = Rs39.29)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections