India-based coal miner Coal India has announced its financial results for the last quarter and the full financial year ended March 31, posting an increase in its net profit for the financial year 2011-12.
In the last quarter of FY 2011-12, Coal India's net profit declined by 11.6 percent year on year to INR 12.23 billion ($222.4 million). For the full financial year, the company's net profit reached INR 80.65 billion ($1.46 billion), increasing by 72 percent compared to the previous financial year.
In the given quarter, the income from operations decreased by 1.9 percent to INR 1.54 billion ($28 million) compared to the same quarter of FY 2010-11, while the company increased its income in the full financial year to INR 4.15 billion ($75.4 million), up 1.4 percent year on year.