GE Shipping has reported results for second ended September 30, 2012.
The company has reported a net loss of Rs 38.13 crore for the quarter ended September 30, 2012 as compared to a net profit of Rs 2.56 crore for the same quarter in the previous year. Total income of the company has decreased by 14.47% at Rs 356.01 crore for quarter under review as compared to Rs 416.26 crore for the quarter ended September 30, 2011.
On consolidated basis, the company has reported 197.32% rise in its net profit at Rs 81.20 crore for the quarter ended September 30, 2012 as compared to Rs 27.31 crore for the same quarter in the previous year. However, total income of the company has decreased marginally by 3.28% at Rs 665.34 crore for quarter under review as compared to Rs 687.93 crore for the quarter ended September 30, 2011.
