Great Eastern Shipping's Q1 consolidated net declines by 5%

Great Eastern Shipping Company has reported results for the quarter ended June 30, 2011.

The Company’s net profit for the quarter has declined by 3.81% at Rs 101.90 crore as compared to Rs 105.94 crore for the quarter ended June 30, 2010. The company’s total Income has increased by 14.17% at Rs 518.83 crore from Rs 453.24 crore for the corresponding quarter of the previous year.

On Consolidated basis, the Group ‘s net profit has declined by 5.30% at Rs 162.59 crore for the quarter ended June 30, 2011 as compared to Rs 171.80 crore for the quarter ended June 30, 2010. Its total income has increased by 7.8% at Rs 784.75 crore from Rs 727.58 crore for the June quarter of the previous year.