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    HomeNewsBusinessShipping Corporation Q1 net loss widens to Rs 205 crore

    Shipping Corporation Q1 net loss widens to Rs 205 crore

    During April-June 2018, the company's expenses were at Rs 1,105.09 crore, higher from Rs 892.59 crore during the same quarter in 2017-18 fiscal.

    PTI
    August 03, 2018 / 22:30 IST
    We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
       
       
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      Shipping Corporation of India (SCI) today said its standalone net loss widened to Rs 205.98 crore during the quarter ended June 30. The company had posted Rs 6.72 crore net loss during the same quarter a year ago, SCI said in a BSE filing.

      However, its total income during the said quarter grew to Rs 915.11 crore from Rs 900.87 crore in April-June 2017.

      During April-June 2018, the company's expenses were at Rs 1,105.09 crore, higher from Rs 892.59 crore during the same quarter in 2017-18 fiscal.

      Shares of the company today closed 1.74 per cent up at Rs 64.50 apiece on BSE.

      PTI
      first published: Aug 3, 2018 09:50 pm

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