JISCO announces profit increase for H1
Jindal Iron and Steel Company Ltd. (JISCO), a part of Jindal Group, reported its profit as Rupees 658 million (approx. $14.5 million) for the first half ending in September 2003, up by 164% compared to same period last year. Company's turnover increased by 57% to Rupees 9.9 billion. Company officials stated that the good results are in relation with focusing on value added products, exports and reducing costs. Exports amounted to Rupees 7.1 billion in the first half 2003 and accounted 71% of total sales.