Latest News | Shipping Corp Q1 Net Profit Declines 112% to Rs 158.51 Crore
Get latest articles and stories on Latest News at LatestLY. State-owned Shipping Corporation of India Ltd (SCI) on Tuesday reported a 112.52 per cent decline in consolidated net profit to Rs 158.51 crore for the first quarter of the current fiscal.
New Delhi, Aug 3 (PTI) State-owned Shipping Corporation of India Ltd (SCI) on Tuesday reported a 112.52 per cent decline in consolidated net profit to Rs 158.51 crore for the first quarter of the current fiscal.
The company had clocked a consolidated net profit of Rs 336.87 crore in the corresponding period a year earlier, according to a regulatory filing.
Its total income declined to Rs 1,048.47 crore in the latest June quarter as against Rs 1,178.43 crore in the year-ago period.
The company's total expenses during the quarter under review increased to Rs 899.25 crore from Rs 846.85 crore in the same period last year.
(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)