Shipping Corp narrows loss to Rs 28.9 cr in Apr-Jun

State-owned Shipping Corporation of India on Friday reported narrowing of consolidated loss to Rs 28.90 crore for the June quarter. The company had posted a consolidated loss of Rs 190.39 crore in the year-ago period, Shipping Corporation of India said in a filing to the BSE.

Consolidated income rose to Rs 968.23 crore as against Rs 913.09 crore in the year-ago quarter. Consolidated expenses declined to Rs 990.59 crore as compared to Rs 1,103.07 crore a year ago.