GE Shipping reports 79% rise in Q3 consolidated net profit

05 Feb 2015

Great Eastern Shipping Company (GE Shipping) has reported results for third quarter ended December 31, 2014.

The company has registered over five-fold jump in its net profit after tax at Rs 69.07 crore for the quarter under review as compared to Rs 13.13 crore for the same quarter in the previous year. Total income of the company has increased 23.37% at Rs 512.52 crore for Q3FY15 as compared Rs 415.43 crore for the corresponding quarter previous year.

On the consolidated basis the company’s net profit after tax rose 79.01% to Rs 181.70 crore for the Q3 FY15 as compared to Rs 101.50 crore in Q3 FY14. Moreover, the total income increased 19.07% to Rs 944.25 crore in the quarter under review as compared to Rs 792.99 crore in the corresponding quarter previous year.

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