New Delhi, Jan 31: State-owned HPCL on Thursday reported a 442 per cent growth in net profit to Rs 331 crore during the third quarter ending December 31, 2002 over Rs 61 crore during the same period last year. Net sales of the grew by 28 per cent to Rs 14,210 crore during the three month period, a company statement said here.
Hindustan Petroleum also paid an interim dividend of 20 per cent (Rs 2 per share).
The company attributed the good performance to buoyant international prices coupled with improved refining and marketing margins.
Bureau Report