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Performance Highlights

Gulf Oil Q4 net rises; plans 1:3 rights issue

7/18/2009 1:57:00 PM

Mumbai, June (EPC World): Gulf Oil Corporation Ltd has recorded a net profit of Rs 26.74 crore with sales income of Rs 289.83 crore for the fourth quarter ended March 31, 2009 against net profit of Rs 8.06 crore and net sales of Rs 246.66 crore for the corresponding quarter of the previous year.

For 2008-09: The company registered net profit of Rs 29.04 crore (Rs 25.13 crore) on sales income of Rs 996 crore (Rs 832.21 crore). The company’s board has recommended a dividend of Rs 1.70. The company, in a statement to the stock exchange, said the board has approved issuing of additional equity shares of Rs 2 each at a premium of Rs 30 a share in the ratio of one share for every three shares held.