Petronet net nearly doubles on lower corporate tax rate

| | New Delhi
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Petronet net nearly doubles on lower corporate tax rate

Wednesday, 30 October 2019 | PTI | New Delhi

Petronet LNG Ltd, the country’s biggest importer of liquefied natural gas, on Tuesday reported a near doubling of net profit in September quarter as it derived benefit of lower corporate tax rate.

Net profit in July-September at Rs 1,089 crore was 90 per cent higher than Rs 572.89 crore net profit in the same period, company CEO and Managing Director Prabhat Singh told reporters here.

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