NMDC second quarter profit jumps 78 percent

October 28th, 2010 - 6:40 pm ICT by IANS  

New Delhi, Oct 28 (IANS) State-run National Mineral Development Corporation (NMDC) Thursday reported a 78.83 percent rise in net profit for the second quarter of the current fiscal.

“The company has posted a net profit of Rs.13,785.30 million for the quarter ended Sep 30, 2010 as compared to Rs.7,708.50 million for the quarter ended Sep 30, 2009,” said the company in a statement.

The total income of the company also increased 72 percent to Rs.2,705.85 crore from Rs.1,565.76 crore in the quarter ended Sep 30, 2009.

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