Latest News | Essar Shipping's Loss Widens to Rs 311.43 Cr in Jun Quarter
Get latest articles and stories on Latest News at LatestLY. Essar Shipping on Wednesday reported widening of its consolidated loss to Rs 311.43 crore in the first quarter ended June 30.
New Delhi, Aug 11 (PTI) Essar Shipping on Wednesday reported widening of its consolidated loss to Rs 311.43 crore in the first quarter ended June 30.
The company had clocked a 'loss after share of profit/loss of associate' of Rs 103.22 crore in the corresponding quarter a year ago, the company said in a regulatory filing to the BSE.
Its total income from operations in the June 2020 quarter rose to 154.79 crore, against Rs 149.40 crore in the year-ago period.
The firm's total expenses stood at Rs 284.13 crore, compared with Rs 242.80 crore in the year-ago period.
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"COVID-19 has impacted the entire economy and business operations of the group, especially during the quarter under review," the company said. HRS hrs
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)