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Kolkata, July 13

Shiv Vani Oil and Gas Exploration Services on Monday reported a 43 per cent increase in its net profit to Rs 30 crore during the quarter ended June 30, compared to the corresponding period last year. During the period, the consolidated (including subsidiaries) net profit increased by 16 per cent to Rs 42 crore (Rs 36 crore) and consolidated net sales to Rs 281 crore (Rs 189 crore). The company incurred an exchange loss of Rs 3.66 crore due to currency fluctuations during t he quarter. At its meeting on Monday, the board of directors recommended 10 per cent dividend to the shareholders for the financial year ended on March 31.

— Our Bureau

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