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India NALCO says Q1 net profit up 32pc on yr

BHUBANESWAR : India's National Aluminium Company Limited (NALCO) said first quarter net profit rose 32 per cent to 3.77
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By Shoaib Ur Rehman
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nalcoBHUBANESWAR: India's National Aluminium Company Limited (NALCO) said first quarter net profit rose 32 per cent to 3.77 billion rupees ($83 million) from 2.84 billion rupees in the year ago quarter.

NALCO which is India's third largest producer of aluminum, attributed the profit to enhanced volumes and better sales realization of alumina.

Quarterly sales rose to 18.51 billion rupees from 13.88 billion rupees in the corresponding quarter of the previous year, the company said in an email statement late on Friday.

 

Copyright Reuters, 2011

 

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