By IANS
New Delhi : State-run refining company Hindustan Petroleum Corp Ltd (HPCL) has reported a net loss of Rs.157 million ($3.99 million) in the Oct-Dec quarter of the current financial year (2007-08) compared with the corresponding period last year, the company said Monday.
However, HPCL’s total income rose by 22.5 percent to Rs.273.8 billion ($6.96 billion) on a year-on-year basis, the company said.
“The company has posted a net loss of Rs.157.30 million for the quarter ended Dec 31, 2007 as compared to net profit Rs.4.07 billion for the quarter ended Dec 31, 2006,” the company said.
“Total income has increased from Rs.223.97 billion for the quarter ended Dec 31, 2006 to Rs.273.81 billion for the quarter ended Dec 31, 2007,” HPCL said.
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