GAIL net down 59 percent

January 28th, 2009 - 7:02 pm ICT by IANS  

Mumbai, Jan 28 (IANS) State-owned gas utility GAIL India Ltd Wednesday said its net profit declined 59.22 percent to Rs.2.53 billion (Rs.253 crore/$51.5 million) in the quarter ended Dec 31 from Rs.6.21 billion a year ago.However, the company’s total Income rose to Rs.60.46 billion during the period under review from Rs.44.83 billion in the corresponding quarter last year.

GAIL also said employee cost-to-company increased following a pay revision.

Related Stories

    Posted in Uncategorized |