Chennai Petroleum Corp Q4 net dips 27pc to Rs 265 cr

Chennai Petroleum Corporation today reported a 27.14 per cent decline in net profit at Rs 265.59 crore for the quarter ended March 31, 2016.
The company had posted a net profit of Rs 364.57 crore during the same period of the previous fiscal.
Net sales of the company declined to Rs 5,863.51 crore for the fourth quarter, as compared to Rs 8,813.99 crore during the same period of previous fiscal, Chennai Petroleum Corporation said in a regulatory filing.
For the year ended March 31 the company posted a consolidated net profit of Rs 790.30 crore. It had a net loss of Rs 33.26 crore for 2014-15 fiscal.

Net sales for the fiscal ended March 31 stood at Rs 26,267.93 crore as compared to Rs 42,108.04 crore during the 2014-15 fiscal.
The company's board, which met today, approved a dividend of 40 per cent on equity share capital Rs 4 per share for the year 2015-16.
Shares of the company today ended 0.68 per cent lower at Rs 203 apiece on BSE.