SCI profit doubles to Rs 404.60 cr in Q4

The countrys largest shipping liner Shipping Corporation of India SCI on Friday posted a 118.53 per cent increase in consolidated net profit to Rs 404.60 crore in the March quarter. It had reported a net profit of Rs 185.14 crore for the January-March period of the preceding fiscal year, the company said in an exchange filing.

The country's largest shipping liner Shipping Corporation of India (SCI) on Friday posted a 118.53 per cent increase in consolidated net profit to Rs 404.60 crore in the March quarter. It had reported a net profit of Rs 185.14 crore for the January-March period of the preceding fiscal year, the company said in an exchange filing. The state-owned company's total income rose to Rs 1,659.75 crore from Rs 1,400.55 crore in the year-ago quarter, while expenses declined to Rs 1,235.51 crore from Rs 1,242 crore. The board of directors of the company has declared a final dividend of Re 1 per share, subject to approval of members at the ensuing annual general meeting. The outgo on this account will be about Rs 46.58 crore.