Financial Daily from THE HINDU group of publications Tuesday, Apr 20, 2004 |
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Corporate Results
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Shipping Mercator net profit up at Rs 20.1 cr Our Bureau
Mumbai , April 19 MERCATOR Lines Ltd has posted a significant increase in net profit, which touched Rs 20.19 crore in the last quarter of the last fiscal, against Rs 1.21 crore notched up during the corresponding period of the previous fiscal. A company press release said the income during the quarter was Rs 95.87 crore, against Rs 13.24 crore during the corresponding quarter of the previous year. For the whole of 2003-04, the company's income stood at Rs 242.13 crore, against Rs 61.21 crore in 2002-03, while the net profit increased from Rs 5.46 crore to Rs 45.38 crore during the same period.
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