Aban Offshore Q3 net profit drops 22%

| | Updated on: Feb 11, 2011

Offshore drilling contractor Aban Offshore Ltd on Friday reported a drop in its net profit by 22 per cent to Rs 57.52 crore for the quarter ended December 31, 2010 over the same period last fiscal.

The firm reported a net profit of Rs 73.59 crore in the October-December period last fiscal, the company said in a statement.

The total income of the company also declined by 15 per cent at Rs 281.16 crore in the third quarter of 2010, over Rs 330.32 crore in 2009-10, the statement added.

Published on February 11, 2011

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