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SCI reports Rs 18.5 cr profit in July-Sept quarter

State-run Shipping Corporation of India (SCI) today reported a standalone net profit of Rs 18.59 crore for the quarter ended September this fiscal.

November 13, 2014 / 09:16 PM IST
 
 
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State-run Shipping Corporation of India (SCI) today reported a standalone net profit of Rs 18.59 crore for the quarter ended September this fiscal.

The company had registered a net loss of Rs 123.53 crore in the comparable period of the previous fiscal.

Total income of the company during the period under review went up by 3.5 percent to Rs 1,093.52 crore from Rs 1,056.43 crore in the July-September quarter of previous fiscal.

Total expenditure came down to Rs 1,113.07 crore from Rs 1134.50 crore. SCI shares closed at Rs 61.85 a piece on BSE, down 2.83 percent from the previous close.

As part of Government's 'Look East Policy', state-run Shipping Corporation of India had earlier said it had started a fortnightly service to Myanmar.

The service will cater to Mizoram and other North-eastern states using the Sittwe port in Myanmar located on the mouth of the Kaladan river.

first published: Nov 13, 2014 09:16 pm

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