Financial Daily from THE HINDU group of publications
Thursday, May 25, 2006
Financial Daily from THE HINDU group of publications Thursday, May 25, 2006 |
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Corporate Results
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Petroleum Gulf Oil Q4 net up 46.4 pc Our Bureau
Hyderabad , May 24 Gulf Oil Corporation Ltd, a Hinduja Group Company, has reported a gross turnover of Rs 507 crore during the financial year 2005-06, as against Rs 473 crore in the previous year showing an increase of 7 per cent. The cumulative net profit for the fiscal was Rs 22.79 crore as against Rs 20.03 crore in the previous year, an increase of 13.8 per cent. The company board has recommended a dividend of 70 per cent (65 per cent) In the fourth quarter, the company increased its turnover by 13.1 per cent Rs 158 crore (Rs 139 crore). The net profit during the period rose 46.4 per cent to Rs 4.02 crore (Rs 2.75 crore). Gulf Oil's lubricants, explosives, mining, speciality chemicals and infrastructure divisions have performed well during the year and specifically in the last quarter, according to a company press release. The Speciality Chemicals Division has also tied up with a European company for manufacture of their patented products for marketing in India and overseas. Drug Master Files for two products are already filed with EDQM, France. Two more products are on course and will be ready for submission by June-end. .
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