Shipping Corp net loss widens to Rs76 crore - News Summed Up

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Shipping Corp net loss widens to Rs76 crore


SCI’s total income during July-September rose to Rs824.86 crore, from Rs806 crore in the same quarter a year ago. Photo: ReutersNew Delhi: State-run Shipping Corporation of India’s (SCI) standalone net loss widened to Rs76.18 crore for the quarter ended 30 September 2017. The Navratna company had posted a net loss of Rs17.77 crore in the year-ago period. However, total income during July-September rose to Rs824.86 crore, from Rs806 crore in the same quarter a year ago. Its total expenses were also higher at Rs883.04 crore as against Rs806.02 crore in the September quarter last fiscal.


Source: Mint November 03, 2017 14:03 UTC



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