Great Eastern Shipping Company has reported results for third quarter ended December 31, 2011.
The company has posted a fall of 63.89% in its net profit at Rs 28.71 crore for the quarter ended December 31, 2011 as compared to Rs 79.50 crore for the same quarter in the previous year. However, total income has increased by 17.48% to Rs 425.90 crore for quarter under review as compared to Rs 362.60 crore for the quarter ended December 31, 2010.
On the consolidated basis, the company has posted a drop of 25.55% in its net profit at Rs 87.46 crore for the quarter ended December 31, 2011 as compared to Rs 117.47 crore for the same quarter in the previous year. However, total income has increased by 25.07% at Rs 764.31 crore for the quarter under review as compared to Rs 611.11 crore year ago.
