BPCL net down 91% in Q4

July 2008
Chemical Business;Jul2008, Vol. 22 Issue 7, p73
Trade Publication
The article reports on the financial results released by Bharat Petroleum Corp. Ltd. (BPCL) for the fiscal year 2008. During the fourth quarter of the year, the company posted a 91 percent decline in net profit or to Rupees (Rs) 58.4 crore from the previous quarter of Rs 670 crore due to high crude oil prices. BPCL reported a gross refining margin of $4.60 a barrel and $7.18 a barrel for its Mumbai and Kochi Refineries, respectively.


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