Logistics

Aban Offshore Q4 profits drop 46%

Beena Parmar Mumbai | Updated on March 12, 2018

Offshore drilling services provider, Aban Offshore, has reported a 46 per cent drop in net profit to Rs 81 crore in January to March quarter of 2011-12 fiscal.

Net profit during the same quarter last fiscal stood at Rs 152 crore.

Total income declined 11 per cent to Rs 803 crore against Rs 899 crore.

For the year ended March 31, 2012, the net profit increased 122 per cent to Rs 322 crore from Rs 145 crore last year. Total income stood at Rs 3,163 crore (Rs 3,347 crore), down 5 per cent.

At 2.10 pm, the shares of the company were trading lower by 1.90 per cent at Rs 359.60 on the Bombay Stock Exchange.

Published on May 31, 2012

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