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Corporate Results - Petroleum
Gulf Oil Q1 net profit zooms

Hyderabad, Aug. 2

Gulf Oil Corporation Ltd announced that it has registered 142 per cent growth in net profit for the first quarter ended June 30, 2009 at Rs 20.96 crore (Rs 8.58 crore) and the total income was up 7 per cent at Rs 263 crore (Rs 224 crore). During the quarter, the lubricants division closed with a turnover of Rs 131 crore (Rs 126 crore), the explosives division had revenues of Rs 72 crore (Rs 59 crore) and the mining services division closed with Rs 54 crore (Rs 47 crore).Th e mining division currently has an order book of Rs 425 crore.

— Our Bureau

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