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Great Eastern Shipping Company reports over two fold jump in Q4 consolidated net profit

06 May 2013 Evaluate

Great Eastern Shipping Company has reported results for the quarter & year ended March 31, 2013.

The company has registered 4.62% fall in its net profit after tax and minority interest at Rs 9.70 crore in Q4FY13 as compared to Rs 10.17 crore in the same quarter previous year. The total income from operation of the company has decreased by 4.92% to Rs 427.99 crore as compared to Rs 450.12 crore in corresponding quarter last year.

On the consolidated basis, the group has reported a rise of 113.65% in its net profit after tax and minority interest at Rs 83.73 crore in quarter under review as compared to Rs 39.19 crore in same period previous year. However, total income from operation on consolidated basis has declined 6.17% to Rs 775.28 crore as against Rs 826.30 crore in a year ago period.

For the full year, the company has reported a net profit after tax and minority interest of Rs 146.26 crore for the year ended March 31, 2013, a marginal rise of 2.04% as compared to Rs 143.34 crore for the year ended March 31, 2012. Total income from operation has decreased to Rs 1735.19 crore in FY13 from Rs 1709.62 crore in FY12, down by 1.50%.

On the consolidated basis, the group has registered 69.88% jump in net profit after tax and minority interest at Rs 537.76 crore in FY13 as against Rs 316.55 crore in previous year. The total income from operation of the company has increased to Rs 3006.65 crore as compared to Rs 2955.49 crore in FY12, up by 1.73%.

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