State-run Indian Oil Corp on Wednesday announced a standalone net loss of Rs 414.27 crore for the quarter ended March 31, against a net profit of Rs 1,502.69 crore in the corresponding period last year.
The total income of the company rose to Rs 71,792.82 crore for the quarter under review, from Rs 53,818.75 crore in the same period a year-ago, IOC said in a filing to the Bombay Stock Exchange.
The company’s board has declared a dividend of 55 per cent for the year 2007-08. That is, for every share of face value Rs 10 the shareholder would get a dividend of Rs 5.50.
For the year ended March 31, 2008, IOC reported a consolidated net profit of Rs 7,912.74 crore, against a net profit of Rs 7,867.45 crore in the year-ago period.
The total income rose to Rs 2,32,558.62 crore in FY’08, from Rs 2,02,694 crore in the year-ago period.
IOC announced a standalone net profit of Rs 6,962.58 crore for FY’08, a 7.16 per cent decline over the previous fiscal. The firm had a net profit of Rs 7,499.47 crore in FY’07.
The total income rose to Rs 2,49,169.16 crore in FY’08, from Rs 2,17,533.82 crore in the year-ago period.
Shares of IOC closed at Rs 428, up 1.53 per cent on the BSE.
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