TITLE

MRPL records 92.47 percent decline in Profit

PUB. DATE
November 2008
SOURCE
Chemical Business;Nov2008, Vol. 22 Issue 11, p66
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the 92.47 per cent decline in net profit in the second quarter of 2008-2009 posted by Mangalore Refinery and Petrochemicals Ltd. (MRPL). The company attributes this reduction to inventory loss of about Rs 646 crore because of a significant decrease in crude oil and petroleum product prices from August onwards. It mentions that the gross refining margin during the quarter was $2.34 a barrel of crude processed compared to $6.11 a barrel in the same period of the last quarter.
ACCESSION #
35726627

 

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