CPCL posts highest turnover

Chennai, May 11 (UNI) Chennai Petroleum Corporation Limited (CPCL) today announced it posted its highest-ever turnover for 2006-2007 at Rs 29,349 crore as against Rs 25,409 crore in the previous year, registering an increase of about 16 per cent.

Talking to mediapersons here, CPCL Managing Director K K Acharya said "the profit before interest, depreciation and taxes for the year 2006-2007 is Rs 1,311 crore.

"The profit before tax (PAT) is Rs 881 crore as against Rs 723 crore for the previous year," he said adding "the PAT for the current year is Rs 565 crore as against Rs 481 crore for the previous year, an increase of 18 per cent." On gross refinery margin (GRM), he said CPCL has achieved GRM of five US Dollar for 2006-2007 net of under recoveries.

"The board of directors has recommended a dividend of 120 per cent for 2006-2007," he said adding "CPCL's payment to exchequer during this year has been Rs 6,175 crore compared to Rs 5,436 crore during the year 2005-2006." UNI SNR GM 1912