MUMBAI Aug 3 Coal India, the world's
largest coal miner by output, posted its first quarterly profit
decline in five quarters, because of lower sales price and
higher fuel and wage costs.
The state-owned miner said net profit for its fiscal first
quarter fell to 37.31 billion Indian rupees ($613 million) from
44.69 billion rupees a year earlier. Net sales were 165 billion
Analysts, on average, had forecast net profit of 42.40
billion rupees, according to Thomson Reuters Starmine data.
($1 = 60.9100 Indian rupees)
(Reporting by Prashant Mehra & Siddesh Mayenkar; Editing by
Miral Fahmy/Ruth Pitchford)