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GE Shipping Reports Rs 245 crore Loss In April-Jun Quarter

PTI Last Updated at 10 Aug 2018, 18:08 IST India

Great Eastern Shipping Company (GE Shipping) today reported a consolidated net loss of Rs 245.08 crore during the quarter ended June 30, 2018.

The company had posted a net profit of Rs 103.56 crore during the same period a year ago, it said in a BSE filing.

Total income of the company during the said quarter grew to Rs 876.44 crore compared to Rs 777.16 crore in the year-ago period.

During April-June 2018, its expenses were Rs 1,111.47 crore as against Rs 635.51 crore during the same quarter previous fiscal.

G E Shipping is the country's leading private sector shipping service provider with presence in the international maritime industry. It operates under two main businesses - dry bulk carriers and tankers.

Shares of the company today ended 2.07 percent up at Rs 327.45 apiece on BSE.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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