28 May 2020 | 7:36 AM

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COMPANYNEWS
Great Eastern posts Q2 net profit of Rs 4.75 cr
  Great Eastern Shipping Company Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-08-2019
The company reported standalone net profit during the quarter stood at Rs 4.75 crore compared to net loss of Rs 186.22 crore in the previous year quarter.


Net revenue of the company rose moderately by 9.28 per cent at Rs 610.81 crore in July-September quarter of this fiscal as against Rs 558.94 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 2.99 per cent to Rs 464.98 crore from Rs 451.47 crore in year ago period.


Other Income grew by 50.91 per cent at Rs 74.20 crore versus (Sep`18 Rs 49.17 crore).


Operating Profit surged by 24.08 per cent to Rs 145.83 crore as against Rs 117.53 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 13.50 per cent in September quarter.


Interest declined by 8.05 per cent y-o-y to Rs 85.69 crore while Taxation increased by 0.00 per cent at Rs 3.00 crore (Sep`18 Rs 0.00 crore).