BUSINESS

Chennai Petroleum sales up

Chennai Petroleum has improved its net sales and income from operations to Rs. 2,257.58 crores in the three months ended December 31, 2002 against Rs. 1,604.33 crores while the profit before taxation has risen to Rs. 51.05 crores from Rs. 34.95 crores. After providing for taxation of Rs. 18.67 crores (nil), the net profit stood at Rs. 32.38 crores against Rs. 34.95 crores.

In the nine months ended December 31, 2002 net sales and income from operations were Rs. 6,047 crores and the net profit Rs. 77.55 crores against Rs. 4,706.35 crores and a net loss of Rs. 15.78 crores in the same period in the previous year.

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