Essar Shipping Q3 net down 70% to Rs 13 cr

Essar Shipping Ports and Logistics today said its net profit for the quarter ended December 31, 2008 declined 70.58 per cent to Rs 13.03 crore from Rs 44.30 crore for the same period a year ago.

Total operating income for the reporting quarter was Rs 550.27 crore against Rs 495.26 crore for the same quarter a year ago, Essar Shipping said in a release here.