Aban Offshore Q2 FY11 Results : Net profit up by 5%

by khalid on 08/11/2010 · 0 comments

Aban Offshore Limited has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, consolidated net profit increased by 5% to Rs 75.16 crore in comparison to the Rs 71.44 crore of Q2 (ending Sep 09) of previous year(FY10). Aban Offshore Ltd. (formerly Aban Loyd Chiles Offshore Ltd.) is India’s largest offshore drilling services provider to oil companies, mainly for ONGC. It is now ventured into international waters as one of its five rigs is doing work for an Iranian oil company.

The company informed the share market(BSE) that the consolidated net sales increased 17.8 % to Rs 828.05 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 702.91 crore.

Share’s Data :-
BSE Code : 523204
Mkt. Cap : Rs 3,658.35 Crores
Aban Offshore Ltd. share’s CMP is Rs 841.00 on 8th Nov 2010.

Source :- BelltheBull

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