Annual Report 2002-2003 of Bharat Petroleum Corporation Limited

It is a broadly described annual report of Bharat Petroleum Corporation Limited in the year of 2002-2003. During the financial year, BPC achieved a 21.77% growth in sales turnover from Rs. 398.30 billion to Rs. 485.02 billion. The gross profit before interest, depreciation, and tax increased by 28.66 % to Rs. 27,204.07 million. The profit before tax increased by 50.25% from Rs. 13,267.84 million to Rs. 19,935.37 million. After providing for tax, (including deferred tax) of Rs. 7,435.09 million as against Rs. 4,769.54 million during the last year, the profit after tax showed an increase of 47.09% from Rs. 8,498.30 million in the last year to Rs. 12,500.28 million. The earnings per share translate to Rs. 41.67 as compared to Rs. 28.33 during 2001-2002.

The Board of Directors of the Company has recommended a dividend of @ 130% (Rs 13.00 per share), on the paid-up share capital of Rs. 3,000 million which will absorb Rs. 3,900 million for the year 2002-2003.

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