Varun Shipping Company Ltd has posted a 259.8 per cent rise in net profit at Rs 10.04 crore for the third quarter ended December 31, 2003, compared with Rs 2.79 crore in same period previous fiscal. | |
| The income from operations during the period under review rose to Rs 72.90 crore from Rs 53.62 crore in Q3 of last year, the company said in a release here today. |
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| "The increase in profit was owing to buoyant freight rates and better turnaround of its ship", it added. |
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| For the nine months ended December, net profit and income from operations grew to Rs 18.24 crore (Rs 4.85 crore) and Rs 208.54 crore (Rs 153.29 crore). |
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