By IANS
New Delhi : State-owned Indian Oil Corp (IOC), the country's top refiner and retailer, Monday reported a 52 percent jump in net profit for the year ended March 31, 2007 at Rs.75 billion ($1.8 billion).
The jump in profits – against Rs.49.5 billion ($1.2 billion) in the like period of the previous fiscal – came despite a 60 percent fall in the bottom line for the last quarter, company officials said.
The company's board, which met Monday, declared a dividend of Rs.13 a share.
SUPPORT TWOCIRCLES
HELP SUPPORT INDEPENDENT AND NON-PROFIT MEDIA. DONATE HERE