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Thursday, August 03, 2000

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HPCL quarterly net falls to Rs 200.63 crores

MUMBAI: Hindustan Petroleum Corporation Ltd (HPCL) has recorded a fall in net profit for the quarter ended June 30, 2000 at Rs 200.63 crores. Profit for the same period the previous year was Rs 230.12 crores.

Net sales and income from operations stood at Rs 11,103.26 crores (Rs 6,483.67 crores). Other income was Rs 39.62 crores (Rs 31.54 crores).

Total expenditure amounted to Rs 10,720.31 crores (Rs 6,095.91 crores). Interest payments amounted to Rs 78.07 crores (Rs 23.92 crores) and depreciation was Rs 99.83 crores (Rs 51.92 crores). Tax provisions were Rs 44.04 crores (Rs 113.34 crores).

According to the company, the profits have been affected by the sharp fall in product prices in May and lower refinery margins. - Our Bureau

Related links:
HPCL posts 17 pc rise in net
HPCL declares 80% interim

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