Annual Report 2001-2002 of Bharat Petroleum Corporation Limited

It is a broadly described annual report of Bharat Petroleum Corporation Limited in the year of 2001-2002. BPC contributed Rs. 105,135.07 million to the exchequer by way of taxes and duties during the year 2001-02 as against Rs. 101,245.09 million in the previews year. The gross sales dipped from Rs. 468,528.84 million in the last year to Rs. 422,942.78 million. The profit before tax increased by 19.2% from Rs. 11,131.22 million to Rs. 13,267.84 million. After providing for a higher tax provision, including deferred tax, of Rs. 4,910.61 million as against Rs. 2,930 million during the last year, the profit after tax showed a marginal increase of 2.1% from Rs. 8,326.63 million in the previous year to Rs. 8,498.30 million. The earnings per share translate to Rs. 28.33 as compared to Rs. 27.76 during 2000-2001.

The Board of Directors of the Company has recommended a dividend of @ 110% (Rs 11.00 per share) for the year 2001-2002.

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