GAIL’s net profit declines 6.6 percent

By IANS

New Delhi : State-owned gas marketer GAIL India Ltd’s net profit declined 6.6 percent in the Oct-Dec quarter of fiscal 2006-07 compared with the same period of last fiscal.


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The company’s total income also decreased marginally.

“The company has posted a net profit of Rs.6.21 billion for the quarter ended December 31, 2007 as compared to Rs.6.65 billion for the quarter ended December 31, 2006,” GAIL said Thursday.

“Total income has decreased from Rs.45.63 billion for the quarter ended December 31, 2006 to Rs.44.83 billion for the quarter ended December 31, 2007,” the company said.

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