National Aluminium net down over 33 percent

By IANS,

Mumbai : State-owned National Aluminium Co (NALCO) Wednesday announced its net profit was down 33.38 percent to Rs.2.19 billion (Rs.219 crore) for the quarter ended Dec 31 as compared to Rs.3.29 billion (Rs.329 crore) in the year-ago period.

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In a regulatory statement, the company said its total income had decreased from Rs.12.47 billion (Rs.1,247 crore) in the corresponding quarter the previous year to Rs.11.49 billion (Rs.1,149 crore) in the period under review.

Consolidated net profit for the nine months ended Dec 31 stood at Rs.12.15 billion (Rs.1,215 crore), down from Rs.16.32 billion (Rs.1,632 crore) in the year-ago period.