30 May 2020 | 2:27 PM

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COMPANYNEWS
Great Eastern posts Q1 net loss of Rs 50.21 cr
  Great Eastern Shipping Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-08-2019
The company reported standalone net loss during the quarter stood at Rs 50.21 crore as compared to net loss of Rs 232.87 crore in the previous year quarter.


Net revenue of the company rose marginally by 3.46 per cent at Rs 589.70 crore in April-June quarter of this fiscal as against Rs 569.98 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 32.57 per cent to Rs 466.24 crore from Rs 691.40 crore in year ago period.


Other Income dipped by 56.62 per cent at Rs 41.42 crore versus (Jun`18 Rs 95.48 crore).


Operating Profit surged by 212.64 per cent to Rs 123.46 crore as against Rs -109.61 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 208.89 per cent in June quarter.


Interest declined by 12.93 per cent y-o-y to Rs 80.22 crore while Taxation increased by 0.00 per cent at Rs 11.00 crore (Jun`18 Rs 0.00 crore).