New Delhi, Feb 5 (PTI) The Shipping Corporation of India on Friday reported a 55.4 per cent decline in consolidated profit at Rs 131.57 crore for the quarter ended December 31, 2020.

The company had posted a consolidated profit of Rs 295.24 crore in the the corresponding quarter of previous fiscal, Shipping Corporation of India said in a filing to BSE.

The consolidated income of the company dropped to Rs 872.82 crore in the quarter under review from Rs 1,275.48 crore earlier, the filing said.

(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)