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Great Eastern Shipping Company reports 85% rise in Q2 consolidated net profit

07 Nov 2015

Great Eastern Shipping Company has reported results for second quarter ended September 30, 2015.

The company has reported over two fold jump rise in its net profit at Rs 249.23 crore for the quarter ended September 30, 2015 as compared to Rs 108.15 crore for the same quarter in the previous year. The company’s total income has increased by 17.91% to Rs 646.93 crore for the quarter under review from Rs 548.77 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 85.19% rise in its net profit after taxes at Rs 382.67 crore for the quarter ended September 30, 2015 as compared to Rs 206.64 crore for the same quarter in the previous year. Total income of the company has increased by 13.70% at Rs 1089.90 crore for quarter under review as compared to Rs 958.60 crore for the quarter ended September 30, 2014.

 

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