IGL net profit up 23 per cent in Q4 to Rs 109 crore

IGL net profit up 23 per cent in Q4 to Rs 109 crore

The IGL Board has recommended a final dividend of 50 per cent for consideration of the members in Annual General Meeting in addition to 35 per cent interim dividend already declared and paid.

An official statement said that IGL registered a turnover of Rs 1100 crore during 2016-2017. This 13 per cent higher than the Rs 976 crore turnover for the corresponding period in 2015-2016.

The increase in profits and turnover correspond to the sales volume growth of 16 per cent over the corresponding quarter in the fiscal 2015-2016, with CNG sales volume growing by 11 per cent and PNG sales volume growing by 25 per cent. Read more

Credits/:thehindubusinessline.com

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