Coal India Profit Drops 5% In Q4

Reuters reported that Coal India’s (BSE:533278) fourth quarter profits were down 5% from the same period last year.

As quoted in the market news:

The company posted a 5 percent drop in net profit for the January-March quarter to 40.13 billion rupees ($727 million), but net sales rose 29 percent to 194.19 billion rupees, helped by a price increase in February 2011.

Click here to read the full Reuters report.