GE Shipping net profit rises 6.44% at Rs 102.43 cr

BS 200 SCORECARD

Great Eastern Shipping Company has posted a 6.44 per cent increase in net profit at Rs 102.43 crore in the first quarter ended June 30, 2004, compared with Rs 96.23 crore recorded in the year-ago period.

The board has declared an interim dividend of 10.50 per cent on cumulative redeemable non convertible preference shares of Rs 10 each from April 1, 2004, till the date of redemption, GE Shipping informed the BSE.

The date of redemption is August 12, 2004, it said. The company's total income has increased to Rs 417.05 crore (Rs 301.38 crore).