Oil Outline

Feb 10, 2012 (LBO) - Net profit for the December 2011 quarter of the Sri Lanka unit of Indian Oil Corporation rose 3.





5 percent to 623 million rupees from a year ago, with a sharp rise seen in finance costs. Lanka Indian Oil Corporation's December 2011 quarter sales rose 15 percent to 15.





4 billion rupees, a stock exchange filing said.

Earnings per share edged up to 1.17 rupees from 1.13 rupees the year before.

The interim accounts showed a sharp rise in finance expenses to 177 million rupees compared with income of 72 million the previous year.

LIOC had reported net profit fell 44.

6 percent to 277.8 million rupees in the September 2011 quarter from the year before with sales virtually stagnant in that period.