Lanka IndianOil posts Q4 profit
New Delhi   28-Feb-2008
Lanka IndianOil, the Sri Lankan unit of IndianOil, posted a profit for the fourth straight quarter on higher revenue. Net income in the fiscal third quarter was Rs 28.2 crore, compared with a loss of Rs 32.7 crore a year earlier, the Colombo-based company said in a release faxed by the Colombo Stock Exchange. Sales rose to Rs 1,150 crore from Rs 810 crore in the three months ended December 31, 2006.