(EnergyAsia, July 31) — Indian upstream company ONGC has announced it will issue shareholders a bonus share for every two that they own after posting ‘impressive’ results for the April-June quarter. Net profit surged 24% to Rs41.19 billion from year ago levels while revenue was up 34% to Rs109.54 billion. (US$1=Rs46). Its crude oil…
INDIA: ONGC to issue bonus shares after ‘impressive’ quarterly results
Posted on July 31, 2006 by EnergyAsia