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Our Bureau

Chennai , Jan. 24

CHENNAI Petroleum Corporation Ltd has reported a net profit of Rs 98.26 crore for the quarter ended December 31, 2004, against Rs 105.26 crore in the corresponding period of last year.

The results partly reflect the interest and depreciation load on profits due to the new 3-million-tonne plant going on stream.

This is despite the turnover increasing to Rs 4,068.29 crore from Rs 2,217.78 crore. Interest costs went up to Rs 39.50 crore for the quarter to Rs 5.04 crore in the same period last year. Depreciation went up to Rs 56.83 crore (Rs 25.28 crore). Other expenditure also increased to Rs 97.55 crore (Rs 51.27 crore). The company's earnings per share stands at Rs 5.93 (Rs 7.07).

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