Comments
Offshore drilling services provider, Aban Offshore, has reported a 46 per cent drop in net profit to Rs 81 crore in January to March quarter of 2011-12 fiscal.
Net profit during the same quarter last ficsal stood at Rs 152 crore.
Total income declined 11 per cent to Rs 803 crore against Rs 899 crore.
For the year ended March 31, 2012, the net profit increased 122 per cent to Rs 322 crore from Rs 145 crore last year. Total income stood at Rs 3,163 crore (Rs 3,347 crore), down 5 per cent.
At 2.10 pm, the shares of the company were trading lower by 1.90 per cent at Rs 359.60 on the Bombay Stock Exchange.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.