SCI Q2 net loss at Rs 20 cr

The state-owned company had posted standalone net profit of Rs 161.8 crore in the July-September quarter of the 2015-16 fiscal, Shipping Corporation of India said in a BSE filing.

November 16, 2016 / 21:34 IST

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Shipping Corporation of India (SCI) today posted standalone net loss of Rs 20 crore for the second quarter ended September 30, 2016-17.

The state-owned company had posted standalone net profit of Rs 161.8 crore in the July-September quarter of the 2015-16 fiscal, Shipping Corporation of India said in a BSE filing.

Its total income from operations during the quarter under review also declined to Rs 758.7 crore, as against Rs 1,091 crore in the year-ago period.

The PSU has substantial interests in various segments of the shipping trade. SCI's owned fleet includes bulk carriers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, phosphoric acid/chemical carriers, LPG/ammonia carriers and offshore supply vessels.

first published: Nov 16, 2016 08:54 pm

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