Business Daily from THE HINDU group of publications
Saturday, Jul 26, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, Jul 26, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate
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Financial Performance Corporate Results - Petroleum Gulf Oil revenue grows 38% Hyderabad, July 25 Gulf Oil Corporation recorded sales income of Rs 247 crore with net profit of Rs 5.57 crore for the first quarter ending June 30, 2008 reflecting a growth of 38 per cent in revenues and 5 per cent in net profit over the corresponding quarter last year. Last fiscal, the company registered revenues of Rs 833.21 crore with a profit of Rs 25.13 crore. The company Managing Director, Mr S. Pramanik, in a statement said that the lubricants division achieved gross sales of Rs 126.34 crore (Rs 81.15 crore). The volume growth was due to improved product mix that resulted in increase in margins. The lubricants division also stepped up distribution efforts and increased sales in the two-wheeler segment. —Our Bureau More Stories on : Financial Performance | Petroleum
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