Petronet LNG’s second quarter profit up 8.65 percent

Mumbai, Oct 25 (IANS) Petronet LNG Ltd Monday reported an increase of 8.65 percent in its net profit for the second quarter of the current fiscal that stood at Rs.131.12 crore as compared to Rs.120.67 crore in the like period of the corresponding year.

‘The company has posted a net profit of Rs.1,311.239 million for the quarter ended September 30, 2010, as compared to Rs.1,206.791 million for the quarter ended September 30, 2009,’ the company said in a statement.

The total income, however, reported a decrease of 10.19 percent at Rs.3,076.31 crore for the second quarter from Rs.3,425.73 crore for the quarter ended Sep 30, 2009.

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