Hindustan Oil Exploration Company Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 19, 2019 at 09:55 am
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Hindustan Oil Exploration Company Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported revenue from operations of INR 660.405 million compared to INR 133.644 million a year ago. Total income was INR 687.819 million compared to INR 146.738 million a year ago. Profit for the period was INR 348.125 million against INR 128.733 million for the same period of last year. Basic earnings per share were INR 2.67 compared to INR 0.99 a year ago. Diluted earnings per share were INR 2.65 compared to INR 0.99 a year ago.
For the nine months, the company reported revenue from operations of INR 1,654.777 million compared to INR 254.800 million a year ago. Total income was INR 1,718.796 million compared to INR 345.369 million a year ago. Profit for the period was INR 1,010.029 million against INR 213.855 million for the same period of last year. Basic earnings per share were INR 7.74 compared to INR 1.64 a year ago. Diluted earnings per share were INR 7.68 compared to INR 1.64 a year ago.
Hindustan Oil Exploration Company Limited is an India-based oil and gas company. The Company is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore. Its asset portfolio consists of approximately 10 oil and gas blocks of discovered resources and one exploratory block. The Company's operations include Dirok, Kharsang, Umatara, Greater Dirok, B-80, PY-1, Asjol, North Balol, and Palej. The Dirok project produces approximately 50 billion cubic feet (BCF) of natural gas and approximately 1 million barrels (MMBBL) of condensate. The PY-1 field is in the offshore platform in Cauvery Basin with eight slots and four wells drilled. The Asjol Petroleum Mining License Block lies 25 km South-West of Mehsana town in Gujarat State covering area of about 15 square kilometers (km2). Its subsidiaries include Hindage Oilfield Services Limited, Geopetrol International Inc., Geopetrol Mauritius Limited and GeoEnpro Petroleum Limited.
Hindustan Oil Exploration Company Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
HINDUSTAN OIL EXPLORATION COMPANY LIMITED 
