Essar Oil UK's net profit dips 4.2% to Rs 10.37 billion in 2017-18

Essar Oil UK, one of the leading dowstream energy company in the UK running Stanlow Manufacturing Complex refineries, has posted a 4.2 per cent dip in net profit for the financial year 2017-18 as compared to the previous financial year. 

The company posted a net profit of Rs 10.37 billion during the period under review, as against Rs 11.25 billion during the year 2016-17. The company cited that it manage to maintain the net profit with a marginal dip, despite Stanlow operating for only nine months in the Financial Year due to the shutdown period involving upgrade work. 

Meanwhile, the company's gross