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GE Shipping surges on reporting 45% rise in Q1 consolidated net profit

12 Aug 2015

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 383.10, up by 1.30 points or 0.34% from its previous closing of Rs. 381.80 on the BSE.

The scrip opened at Rs. 385.00 and has touched a high and low of Rs. 407.90 and Rs. 370.45 respectively. So far 166010 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 467.00 on 16-Sep-2014 and a 52 week low of Rs. 326.75 on 05-Feb-2015.

Last one week high and low of the scrip stood at Rs. 407.90 and Rs. 355.40 respectively. The current market cap of the company is Rs. 5771.75 crore.

The promoters holding in the company stood at 30.41% while Institutions and Non-Institutions held 41.85% and 27.54% respectively.

Great Eastern Shipping 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.


Related The Great Eastern Shipping Company Ltd. Links:

GE Shipping Share Price

399.95 -10.00 (-2.44%) Jun 11, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323