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Journalism of Courage
State-run steel major SAIL posted a net profit of Rs 1,675.55 crore for the third quarter ended December 31,2009.
The company had a net profit of Rs 843.34 crore during the October-December period a year ago,Steel Authority of India Ltd SAIL said in a filing to the Bombay Stock Exchange.
Figures of the current quarter are not comparable with those of the corresponding period last fiscal due to merger of government-run Bharat Refractories Ltd with the company,it said.
The government-run steel major has declared an interim dividend of Rs 1.60 per share for the financial year 2009-10.
Gross sales of the company stood at Rs 10,447.63 crore in the December quarter,while the same were at Rs 9,945.78 crore in the year ago period.
For the nine months ended December 31,2009,the steel producer8217;s net profit stood at Rs 4,669.47 crore,while the same was at Rs 4,688.13 crore in the corresponding period last fiscal.
