GE Shipping reports 33% fall in Q3 consolidated net profit

03 Feb 2017

Great Eastern Shipping Company (GE Shipping) has reported results for third quarter ended December 31, 2016. 

The company has reported 14.53% fall in its net profit at Rs 171.96 crore for the quarter under review as compared to Rs 201.20 crore for the same quarter in the previous year. Total income of the company decreased by 2.12% at Rs 567.99 crore for the quarter under review as compared to Rs 580.31 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 33.44% fall in its net profit at Rs 238.36 crore for the quarter ended December 31, 2016, as compared to Rs 358.13 crore for the same quarter in the previous year. Total income of the company decreased by 11.32% to Rs 920.49 crore for quarter under review from Rs 1037.97 crore for the quarter ended December 31, 2015.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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