Neyveli Lignite Corporation Q4 net profit down 34%

By: | Published: May 27, 2016 7:36 AM

Neyveli Lignite Corporation (NLC) has posted a 34% drop in its net profit at R446.24 crore for the fourth quarter, compared with R676.81 crore in the corresponding quarter last financial year.

Neyveli Lignite Corporation (NLC) has posted a 34% drop in its net profit at R446.24 crore for the fourth quarter, compared with R676.81 crore in the corresponding quarter last financial year.

The total income of the power PSU has increased to R1,964.58 crore from R1,858.88 crore, registering a growth of 5.6%.

For the full year, the company has posted a 23.77% decrease in its net profit at R1204.15 crore compared with R1,579.68 crore in the previous year.

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