BOC India doubles pre-tax profits in Q1


BOC India has more than doubled its profits before tax compared with the same quarter last year.

BOC says the results of Rs 170.4 million pre-tax profit for the quarter show excellent performance.

The company reported net sales of Rs 1021.4 million, a growth of 32 per cent over the corresponding period of the previous year fuelled mainly by its project engineering business and good growth in ASU gas volumes and prices.

Profits have also been helped by lower interest costs of Rs 6.9 million for the quarter compared to Rs 13.3 million for the same quarter last year.

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