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Shipping Corporation of India turns black in Q2

14 Nov 2014 Evaluate

Shipping Corporation of India (SCI) has reported results for second quarter ended September 30, 2014.

The company has reported a net profit of Rs 18.59 crore for the quarter under review as compared to a net loss of Rs 123.53 crore for the same quarter in the previous year. Total income of the company has increased by 9.91% at Rs 1194.04 crore for Q2FY15 as compared Rs 1086.35 crore for the corresponding quarter previous year.

SCI is the only Indian shipping company operating break-bulk service, international container service, liquid / dry bulk service, offshore service, passenger service, in addition to manning / managing a large number of vessels on behalf of various government departments and organizations.

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