Mumbai: Indo Gulf Corporation has posted a net profit of Rs 1,029.9 million for the quarter ended 30 September 2002 as compared to Rs 7,62.4 million for the quarter ended 30 September 2001.

The total income of the company has increased from Rs 7,061.6 million in SQ-01 to Rs 8,050.1 million in the quarter ended 30 September 2002.

Indo Gulf continues to perform well in terms of growth in revenues, profits and asset productivity. To ensure its ongoing growth and to keep generating value for its shareholders, the company will continue to focus on improving its assets productivity and home-operating efficiencies, while capitalising on the upturn in the global macroeconomic environment.

Indo Gulf looks forward to a clearer understanding of a long-term fertiliser policy, which it hopes will enhance the overall interests of this critical sector by removing the current uncertainties.