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Chennai Petroleum Corporation Ltd (CPCL) has reported a 15.2 per cent decline in its profit after tax (PAT) at Rs 511.52 crore for the year ended March 31, 2011 against Rs 603.22 crore during the same period last year.
Gross sales for 2010-11 fiscal stood at Rs 38,128.26 crore against Rs 29,183.84 crore in the same period last fiscal, the CPCL Managing Director, Mr K. Balachandran, told reporters here today after the company’s board meeting.
The board of directors of has recommended a dividend of 120 per cent for 2010-11, he said.
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