Annual Report 2003-2004 of Bharat Petroleum Corporation Limited

It is a broadly described annual report of Bharat Petroleum Corporation Limited in the year of 2003-2004. During the financial year, BPC achieved 10.20% growth in sales turnover from Rs. 485.02 billion to Rs. 534.48 billion. Gross profit before interest, depreciation, and tax increased by 21.37% to Rs. 33,016.44 million. The profit before tax increased by 32.20 % from Rs. 19,935.37 million to Rs. 26,355.15 million. After providing for tax, (including deferred tax) of Rs. 9,409.47 million as against Rs. 7,435.09 million during the last year, the profit after tax showed an increase of 35.56% from Rs. 12,500.28 million last year to Rs. 16,945.68 million. The earnings per share are Rs. 56.49 as compared to Rs. 41.67 during 2002-2003.

The Board of Directors of the Company has recommended a dividend of @115% (Rs. 11.50 per share), on the paid-up share capital of Rs. 3,000 million which will absorb Rs. 3,450 million for the year 2003-2004.

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