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Feb 09, 2018 03:39 PM IST | Source: PTI

Dredging Corp posts loss at Rs 22.52 crore in October-December quarter

Dredging Corporation of India (DCI) today reported standalone loss of Rs 22.52 crore for the quarter ended December 2017 due to fall in revenues. However, the company had posted a profit of Rs 14.04 crore in the year-ago period, Dredging Corporation of India said in a filing to BSE.

 
 
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Dredging Corporation of India (DCI) today reported standalone loss of Rs 22.52 crore for the quarter ended December 2017 due to fall in revenues. However, the company had posted a profit of Rs 14.04 crore in the year-ago period, Dredging Corporation of India said in a filing to BSE.

The standalone income of the company declined to Rs 122.90 crore, over Rs 153.94 crore in the corresponding quarter of the previous fiscal.

The company's total expenses during the quarter increased to Rs 144.43 crore from Rs 138.73 crore in the year-ago period.

DCI is a government undertaking engaged in maintenance dredging, capital dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy and marine construction.

Shares of the company fell nearly 4 percent to Rs 709.80 on BSE.
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