State-run trading giant MMTC has posted a nearly six-fold jump in net profit at Rs 89.47 crore for the fourth quarter ended March 2012, primarily benefiting from increased imports of fertilisers and coal. The company had registered a net profit of Rs 15.4 crore during the same period of last year.
The public sector entity’s total income in the March quarter declined by 48.40% to Rs 10,940 crore compared to Rs 21,200 crore in the year-ago period.
MMTC’s net profit tumbled 79.04% to Rs 23.48 crore for the full year ended March 2012. The same stood at Rs 112 crore in the previous fiscal.
The compny’s total income for the full-year ended March, 2012, stood at over Rs 66,000 crore as against more than Rs 68,000 crore recorded in the same period a year ago.
