That's below all but two of the 23 analyst estimates compiled by Bloomberg, which averaged 50.7 billion rupees. Expenses last quarter rose almost 48% to 207 billion rupees, including royalty payments of 24.4 billion rupees to the states of Assam and Gujarat. Sales grew 34% to 217.14 billion rupees. ONGC posts surprise profit drop on royalties, weak gas priceBy Rajesh Kumar Singh, Saket Sundria and Dhwani Pandya on 5/29/2017NEW DELHI and MUMBAI (Bloomberg) -- Oil & Natural Gas Corp.'s quarterly profits missed estimates for a gain as lower gas revenues and a jump in royalty payments outweighed the boost from higher crude prices. ONGC produced 6.4 million tons of crude in January-March, 0.8% more than a year ago, while natural gas output rose 13% to 5.94 Bcm.
As it stated in The plantations-to-financial services conglomerate also saw its revenue increase to RM2.37bil against 1.86bil in the corresponding quarter last year. PETALING JAYA: Boustead Holdings Bhd recorded RM40.9mil in profit after tax for the first quarter, a substantial jump from RM9.5mil in the previous year's corresponding quarter mainly supported by its plantation business. The trading and industrial division posted a higher profit of RM29mil compared with RM19mil in last year's corresponding quarter. The plantation division was the biggest contributor, delivering a profit of RM57mil, up from RM44mil in the previous year's corresponding quarter. Meanwhile, the heavy industries division posted a loss of RM51mil, an improvement compared with the loss of RM73mil in last year's corresponding quarter.
As it stated in
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collected by :Jack Luxor
As it stated in The plantations-to-financial services conglomerate also saw its revenue increase to RM2.37bil against 1.86bil in the corresponding quarter last year. PETALING JAYA: Boustead Holdings Bhd recorded RM40.9mil in profit after tax for the first quarter, a substantial jump from RM9.5mil in the previous year's corresponding quarter mainly supported by its plantation business. The trading and industrial division posted a higher profit of RM29mil compared with RM19mil in last year's corresponding quarter. The plantation division was the biggest contributor, delivering a profit of RM57mil, up from RM44mil in the previous year's corresponding quarter. Meanwhile, the heavy industries division posted a loss of RM51mil, an improvement compared with the loss of RM73mil in last year's corresponding quarter.
As it stated in
Sunway posts RM108m profit - Business News
Pre-tax profit was lower because of higher opening and operating expenses incurred for Sunway Velocity Mall. The property development business posted a 63.67% drop in pre-tax profit to RM25.1mil while revenue was 38.78% lower at RM143.3mil mainly due to lower sales and progress billings from local development projects. Meanwhile, the quarry segment saw profit before tax shrink to RM500,000 from RM6.1mil on lower operating margin while revenue was slightly higher at RM40.2mil. The property investment business' pre-tax profit was slightly lower at RM31.1mil compared to RM33.5mil while revenue was 10.46% higher at RM186.9mil mainly due to additional revenue from the new Sunway Velocity Mall, which was opened in December 2016. The company said the other business divisions recorded a 107.78% jump in pre-tax profit to RM50.7mil due to higher contribution from the healthcare and building materials segments and group treasury operations.read more visit us profit
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