STC narrows net loss to Rs 2.33 cr

State Trading Corporation of India narrowed its net loss to Rs 2.33 crore during the quarter ended September 30, mainly helped by higher income.

The government-owned company had a net loss of Rs 44.87 crore during the July-September quarter of last fiscal, 2013-14.

In a filing to the BSE, the company said its total income from operations in Q2, 2014-15 rose to Rs 2,760.59 crore. It was Rs 1,903.91 crore in the same period last year.

The STC scrip rose over 1 per cent to Rs 204.65 on the BSE.