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Shipping Corporation net loss widens to Rs 76 cr

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Press Trust of India New Delhi
State-run Shipping Corporation of India's standalone net loss widened to Rs 76.18 crore for the quarter ended September 30, 2017.

The Navratna company had posted a net loss of Rs 17.77 crore in the year-ago period.

However, total income during July-September rose to Rs 824.86 crore, from Rs 806 crore in the same quarter a year ago.

Its total expenses were also higher at Rs 883.04 crore as against Rs 806.02 crore in the September quarter last fiscal.

As the country's premier shipping line, the SCI owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business servicing, both national and international trades.
 

Shares of the company today ended up 1.12 per cent at Rs 108.80 apiece on the BSE.

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First Published: Nov 03 2017 | 6:48 PM IST

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