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
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