Essar Oil Ltd has announced the following Un-Audited results for the quarter ended June 30, 2008:
The Company has posted a net profit of Rs 299.30 million for the quarter ended June 30, 2008 where as the same was at net loss of Rs 56.70 million for the quarter ended June 30, 2007. Total Income is Rs 90160.30 million for the quarter ended June 30, 2008 where the same was at Rs 1979.50 million for the quarter ended June 30, 2007.
The Company declared commercial production of its 10.5 MMTPA Refinery w.e.f. May 01, 2008. Accordingly, the current quarter results comprise mainly of income and expenses arising out of Refinery production for May & June, 08 and arising out of trading operations for the previous periods. The current quarter figures are therefore not comparable with the previous periods figures.
The Company has posted a net profit of Rs 299.30 million for the quarter ended June 30, 2008 where as the same was at net loss of Rs 56.70 million for the quarter ended June 30, 2007. Total Income is Rs 90160.30 million for the quarter ended June 30, 2008 where the same was at Rs 1979.50 million for the quarter ended June 30, 2007.
The Company declared commercial production of its 10.5 MMTPA Refinery w.e.f. May 01, 2008. Accordingly, the current quarter results comprise mainly of income and expenses arising out of Refinery production for May & June, 08 and arising out of trading operations for the previous periods. The current quarter figures are therefore not comparable with the previous periods figures.
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