CIL sales revenue inches down

摘要

State-operated mining company Coal India’s (CIL) sales revenue was flat on the year in 2016-17, while rising costs curtailed profits. CIL’s sales revenues across its subsidiaries in the 2016-17 fiscal year, ending on 31 March, edged down by 176mn rupees on the year to Rs811bn ($12.5bn) after tax, the firm said. Overall costs increased by more than 10pc, or Rs68bn on the year, to Rs749bn. Undisclosed liabilities rose nearly four-fold, or Rs15bn on the year, to Rs20bn in 2016-17. CIL also posted a 36pc, or Rs14bn, rise to Rs54bn for other expenses.