Great Eastern Shipping Company reports consolidated net loss of Rs 34.16 crore in the March 2017 quarter

Sales decline 13.18% to Rs 738.42 crore

Net loss of Great Eastern Shipping Company reported to Rs 34.16 crore in the quarter ended March 2017 as against net profit of Rs 24.15 crore during the previous quarter ended March 2016. Sales declined 13.18% to Rs 738.42 crore in the quarter ended March 2017 as against Rs 850.47 crore during the previous quarter ended March 2016.

For the full year,net profit declined 31.18% to Rs 754.96 crore in the year ended March 2017 as against Rs 1096.98 crore during the previous year ended March 2016. Sales declined 18.52% to Rs 3070.69 crore in the year ended March 2017 as against Rs 3768.54 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales738.42850.47 -13 3070.693768.54 -19 OPM %44.4552.00 -52.4057.01 - PBDT340.98383.34 -11 1705.291954.16 -13 PBT-10.8055.29 PL 843.051182.54 -29 NP-34.1624.15 PL 754.961096.98 -31

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