ONGC Profit Beats Estimates After Selling Oil at Higher Prices
Investing News Network - November 4th, 2011
Bloomberg reported that Oil & Natural Gas Corp.(NSE:ONGC) announced a 60 percent raise in the second quarter profit.
Bloomberg reported that Oil & Natural Gas Corp.(NSE:ONGC) announced a 60 percent raise in the second quarter profit.
As quoted in the market news:
Net income in the three months ended Sept. 30 was 86.4 billion rupees ($1.8 billion), or 10.10 rupees a share, compared with 53.9 billion rupees, or 6.30 rupees, a year earlier, the state-owned company said in a statement yesterday.