Aban Offshore has reported unaudited results for the first quarter ended June 30, 2011.
The company has reported a net loss of Rs 21.62 crore for the quarter ended June 30, 2011 as compared to a net profit of Rs 71.04 crore for the corresponding quarter last year. Its income from operation has fallen by 44.90% at Rs 181.30 crore for the quarter under review from Rs 329.06 crore for the same quarter last year.
On Consolidated basis, the Group has reported a net profit of Rs 88.60 crore for the quarter as compared to a net loss of Rs 325.71 crore for the corresponding quarter of the previous Fiscal. Its total Income has decreased by 13.97% at Rs 737.09 crore for Q1FY12 from Rs 856.75 crore for the Q1FY11.
