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Aban Offshore’s consolidated net profit for Q4 zooms 286%

27 May 2011 Evaluate

Aban Offshore has announced the results for the quarter and year ended March 31, 2011.

The company’s net profit declined 40% to Rs 24.03 crore for the quarter ended March 31, 2011 as compared to Rs 40.01 crore for the quarter ended March 31, 2010. Its total income has decreased from Rs 364.09 crore for the same quarter of the previous quarter to Rs 311.34 crore for the quarter under review.

For the year ended March 31, 2011, the company has posted a net profit of Rs 233.94 crore as compared to Rs 280.44 crore for the year ended March 31, 2010, down 17%. Total income of the company has decreased from Rs 1363.83 crore for the year ended March 31, 2010 to Rs 1267.31 crore for the year ended March 31, 2011.

On consolidated basis, the group’s net profit zoomed 286% to Rs 151.66 crore for the quarter ended March 31, 2011 as compared to Rs 39.26 crore for the quarter ended March 31, 2010. Its total income has decreased from Rs 1022.00 crore for the same quarter of the previous quarter to Rs 898.71 crore for the quarter under review.

For the year ended March 31, 2011, the group has posted a net profit of Rs 144.94 crore as compared to Rs 311.00 crore for the year ended March 31, 2010, down 53%. Total income of the company has decreased from Rs 3380.46 crore for the year ended March 31, 2010 to Rs 3373.20 crore for the year ended March 31, 2011.

Aban Offshore Share Price

20.07 0.00 (0.00%)
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