You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Seamec gains on scrapping vessel "SEAMEC I"

Capital Market 

Seamec rose 1.11% to Rs 495 after the company entered into an agreement with Jawandamal Dhannamal for scrap of vessel "SEAMEC I" at Rs 10.85 crore.

The delivery will be made by 15 July 2021 upon receipt of approval from appropriate government authorities. The announcement was made after market hours yesterday, 21 June 2021.

Seamec's consolidated net profit skid 21.9% to Rs 17.77 crore on 0.7% rise in net sales to Rs 96.87 crore in Q4 March 2021 over Q4 March 2020.

Seamec is the region's leading provider of diving support vessel (DSV) based diving services. It also provides utility services and bulk carrier services.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, June 22 2021. 09:53 IST