Public Sector News

HPCL fourth-quarter profit falls nearly 4%

New Delhi, May 22 : State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted a nearly 4 percent fall in fourth-quarter net profit, hurt by higher expenses.

Net profit was 17.48 billion rupees ($257.04 million) in the three months ended March 31, compared with 18.19 billion rupees a year earlier, the company said on Tuesday.

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