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    HomeNewsBusinessEarningsAban Offshore Q3 PAT seen down 10.5% at Rs 80 cr

    Aban Offshore Q3 PAT seen down 10.5% at Rs 80 cr

    Aban Offshore is set to report a profit after tax of Rs 80 crore for the quarter ended December 2010, down 10.5% as compared to Rs 89.43 crore in same quarter the previous year, according to CNBC-TV18 estimates.

    February 11, 2011 / 10:23 IST

    Aban Offshore is set to report a profit after tax of Rs 80 crore for the quarter ended December 2010, down 10.5% as compared to Rs 89.43 crore in same quarter the previous year, according to CNBC-TV18 estimates.

    Sales are seen going down by 4.4% at Rs 804 crore from Rs 841.3 crore (YoY). Operating profit margin is seen improving at 63.7% versus 61.7%.

    Expectations

    * Unexciting quarter
    * Aban 2 and 7 were expected to commence operations in Q3
    * Commencement saw a postponement to Q4
    * Aban 4 ended contract in December, lying idle now
    * A potential Petrojack write-off (Rs 25 crore) may also dent bottomline

    first published: Feb 11, 2011 10:22 am

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