BOC India Limited, a subsidiary of BOC Group Plc. has reported significant top-line and bottom-line growth for the year end 31st March 2005
The Company’s turnover for the current year increased by 22 % to Rs 4244 million ($94.4 million), compared with Rs 3472 million ($77.3 million), last year. While the gases business continued to grow at a steady pace of 8%, the Project engineering business posted a significant increase of 127% in turnover terms.
The Company delivered its highest ever, operating profit of Rs 456 million ($10.1 million) after depreciation and interest but before extraordinary items, resulting in an increase of 125% over last year.
Commenting on the company’s strong performance Mr. E R Raj Narayanan, Managing Director of BOC India Limited said, The Company has delivered its highest ever operating profit this year. This performance is attributed to increased operational efficiencies, improved market share in gases business coupled with strong performance by its Project Engineering Division .
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