ONGC consolidated net down 0.4 percent

June 24th, 2009 - 7:17 pm ICT by IANS  

New Delhi, June 24 (IANS) The consolidated net profit of state-run oil refiner, the Oil and Natural Gas Corp (ONGC), fell 0.4 percent last fiscal to Rs.19,795.34 crore from Rs.19,872.28 crore in 2007-08, the company said Wednesday.
The refiner, however, registered its highest turnover in 2008-09 at Rs.109,294 crore, up 7.4 percent from Rs.101,835 crore earned the previous fiscal.

ONGC’s gross refining margin during the last quarter of 2008-09 fiscal was $47.85 a barrel as compared to $100.37 a barrel in the corresponding year-ago period.

–Indo–Asian News Service

hs/ank/vt

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