首页|Copper exports drive Indo Gulf net up 16 percent
Copper exports drive Indo Gulf net up 16 percent
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NSTL
Exports, volume growth and cost reduction measures have helped Indo Gulf Corporation Ltd to end 2001-2002 with a 16 per cent increase in net profit at Rs 2.96 billion (Rs 2.51 billion).Net sales for the year rose by 23 per cent to Rs 27.06 billion from Rs 21 billion, a significant portion coming from copper exports. The board has recommended a dividend of Rs 2.60 per share aggregating Rs 58.55 crore. The copper division recorded sales of Rs 22.38 billion, an increase of 32.4 per cent over the previous Rs 16.90 billion. Expansion of its copper smelter and exports helped improve sales despite a fall in LME prices and fall in customs duty by 3.5 per cent. The smelter's capacity has been raised to 1,50,000 tonnes from 1,00,000 tons.