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Great Eastern Shipping's Sep qtr plunges 98 pc

Press Trust of India  |  New Delhi 

Private sector Great Eastern Shipping's consolidated net profit nosedived by 97.6 per cent to Rs 6.8 crore for the quarter ended September 30, 2017.

The company had posted a consolidated net profit of Rs 286 crore in the corresponding quarter of the previous fiscal, Co Ltd said in a statement.

The consolidated -- including other -- during the quarter declined to Rs 815.22 crore, over Rs 956.67 crore in the year-ago period, the company said in a statement.

The company has two main business: shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities.

The offshore business services to the companies in carrying out offshore exploration and production activities, through its subsidiary Greatship (India) Ltd.

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

First Published: Fri, November 10 2017. 19:22 IST