AAAAAAAAAAAAAAAAAAAAAAAAAAA

NT Bureau
Chennai, July 29:

        Gulf Oil Corporation, a Hinduja group company, has reported a 44 per cent increase in income in Q1.

        Profit Before Tax was Rs 8.11 crore as against Rs 5.95 crore last year. However, net profit was Rs 5.32 crore (Rs 5.04 crore for the same time last year) due to tax provisions.

        During the first quarter of the financial year 2007-08, lubricants SBU achieved a gross turnover of Rs 71.81 crore as compared to Rs 70.81 crore in the corresponding quarter of the previous year.

        Lubricants Division achieved a high growth of 17 per cent and higher margins in retail automotive lubricants and significant increase in top-end products.