May 22, 2017 / 10:55 AM / 6 months ago

GAIL Q4 profit falls on impairment charge

REUTERS - State-run gas utility GAIL (India) Ltd posted a 69 percent fall in fourth-quarter profit on account of impairment charge on an investment.

Net profit fell to 2.60 billion rupees ($40.29 million) in the quarter ended March 31, from 8.32 billion rupees in the year-ago period, GAIL said on Monday. (bit.ly/2qLNrgP)

The gas marketing company said it took a charge of 7.88 billion rupees in the quarter.

($1 = 64.5400 rupees)

Reporting by Tanvi Mehta in Bengaluru; Editing by Sherry Jacob-Phillips

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below