Coal India net profit down 52% in Q4
Kolkata, May 29: Coal India on Tuesday reported a 52 per cent fall in its consolidated net profit to Rs 1,295.34 crore during the quarter ended March 31, 2018, as compared to Rs 2,718.8 crore in the year-ago period.
Its revenue from operations during the quarter under review was at Rs 26,909.17 crore, up by 8.28 per cent from Rs 24,851.46 crore in the corresponding quarter of 2016-17.
However, the miner said post applicability of Goods and Services tax (GST) from July 1, 2017, "revenue from operations are disclosed net of GST". Accordingly, the revenue from operations and total expenses for the quarter are not comparable with the corresponding period of previous fiscal.
The company's total expenses during the March quarter stood at Rs 27,757.18 crore as against Rs 22,352.75 crore in the same quarter of previous fiscal.
Its employee benefits expense increased sharply to Rs 16,653.86 crore in the fourth quarter of 2017-18 as compared with Rs 9,240.67 crore in the same period last year.
Employee benefits expense for the quarter includes a provision of Rs 646.87 crore towards pay revision of the executive employees.
The coal behemoth produced 183.45 million tonnes during January to March period of 2017-18 and its off-take during the period was at 158.86 million tonnes.
The miner also reported a 24 per cent fall in its consolidated net profit for the financial year 2017-18 to Rs 7,020.22 crore as compared to Rs 9,279.77 crore in 2016-17.
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8 children between ages of 1 and 14 dead after mass shooting in Louisiana, police say
Shreveport(US) (AP): A gunman in Louisiana killed eight children in shootings at two different homes early Sunday in the nation's deadliest mass shooting in more than two years, police in Shreveport said.
The victims ranged in age from one to about 14 years old, said Shreveport police spokesperson Chris Bordelon. A total of 10 were shot and some of the children were related to the suspect, Bordelon said.
The gunman later died after a chase with officers who fired at the suspect, Bordelon said. The suspect stole a car while leaving the scene of the shootings and was followed by police, according to Bordelon.
Police did not release the name of the suspect but did say he was an adult male. The shootings were the result of a “domestic disturbance,” Bordelon said.
Officials said they were still gathering details at the crime scenes south of downtown Shreveport — the two homes and a third location.
“This is an extensive scene unlike anything most of us have ever seen,” he said.
It was the deadliest mass shooting in the US since eight people were killed in a Chicago suburb in January 2024, according to a database maintained by The Associated Press and USA Today in partnership with Northeastern University.
At a news conference outside the residence where one of the shootings occurred, officials appeared stunned, requesting patience and prayers from the community as they sorted through multiple crime scenes.
“I just don't know what to say, my heart is just taken aback,” Shreveport Police Chief Wayne Smith said. “I cannot begin to imagine how such an event could occur.”
“This is a tragic situation — maybe the worst tragic situation we've ever had,” said Tom Arceneaux, mayor of the city in northwestern Louisiana with about 180,000 residents. “It's a terrible morning.”
Louisiana State Police say their detectives have been asked by Shreveport police to investigate. In a statement, state police say no officers were harmed in the shooting that involved an officer after a police pursuit into Bossier City on Sunday morning.
State police are asking anyone with pictures, video or information to share it with state police detectives.
Louisiana Gov Jeff Landry said in a statement that he and his wife were heartbroken. “We're deeply grateful to the law enforcement officers and first responders working tirelessly on the scene,” he added.
