KalingaTimes Correspondent
Bhubaneswar, April 29: National Aluminium Company Limited (NALCO has reported its results for the 4th quarter ended March 2008.

According to the unaudited financial results taken on record in the Board of Directors meeting held in New Delhi on Tuesday, the company has achieved a net profit of Rs 409.06 crore, with a sales turnover of Rs 1533.87 crore.

However, during the 4th quarter of the previous fiscal, the net profit was Rs 591.48 crore with a turnover of Rs 1722.97 crore.

The net profit and sales turnover for the financial year 2007-08 work out to Rs 1624.89 crore and Rs 5474.08 crore respectively, as against the corresponding figures of Rs 2381.38 crore and Rs 6514.51 crore achieved during the previous year.

Despite NALCO achieving more than 100 percent capacity utilisation of its Alumina Refinery and Smelter Plant this year, the company has lost more than Rs 600 crore due to appreciation of rupee vis-à-vis US dollar.

NALCO's alumina production has gone up to 15,75,500 MT from 14,75,200 MT, while the aluminium production has gone up to 3,59,213 MT from 3,58,734 MT during 2007-08, according to an official release.