Great Eastern Shipping reports 45% rise in Q1 consolidated net profit

12 Aug 2015

Great Eastern Shipping Company has reported results for first quarter ended June 30, 2015.

The company has reported a rise of 85.09% in its net profit at Rs 162.16 crore for the quarter ended June 30, 2015 as compared to Rs 87.61 crore for the same quarter in the previous year. The company’s total income has increased by 9.59% to Rs 541.42 crore for the quarter under review, from Rs 494.02 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 45.19% rise in its net profit after tax , minority interest and share of profit/(loss) of associates at Rs 323.67 crore for the quarter ended June 30, 2015 as compared to Rs 222.93 crore for the same quarter in the previous year. Total income of the company has increased by 13.33% at Rs 1026.87 crore for quarter under review as compared to Rs 906.05 crore for the quarter ended June 30, 2014.

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