Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Company-results/  SCI posts Rs114 crore loss for FY13
BackBack

SCI posts Rs114 crore loss for FY13

Income was nearly flat at Rs4,360.60 crore compared with Rs4308.61 crore a year earlier

The bulk carrier and tanker division, the company’s main revenue earner, reported an operating loss of Rs367.74 crore compared with an operating profit of Rs67.89 crore a year ago. Photo: Mint (Mint)Premium
The bulk carrier and tanker division, the company’s main revenue earner, reported an operating loss of Rs367.74 crore compared with an operating profit of Rs67.89 crore a year ago. Photo: Mint
(Mint)

Bangalore: Shipping Corp. of India Ltd. (SCI), India’s biggest ocean carrier, posted a net loss of Rs114.31 crore for the year to March, its second successive loss as the shipping market grapples with a prolonged downturn.

The state-run firm had registered a net loss of Rs428.21 crore in the year to March 2012.

Income was nearly flat at Rs4,360.60 crore compared with Rs4308.61 crore a year earlier, it said in a filing to BSE on Tuesday.

The bulk carrier and tanker division, the company’s main revenue earner, reported an operating loss of Rs367.74 crore compared with an operating profit of Rs67.89 crore a year ago.

Shipping Corp.’s liner and passenger services division reduced its operational loss significantly to Rs31.57 crore from Rs311.66 crore a year earlier.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 28 May 2013, 10:44 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie