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Our Bureau

Mumbai, June 15 The public sector Shipping Corporation of India reported a 19.27 per cent fall in net profit at Rs 200.76 crore for the quarter ended March 31, 2009, against Rs 248.69 crore in the corresponding period last year.

For fiscal 2009, the Shipping Corporation of India reported a net profit of Rs 940.87 crore against Rs 813.90 crore the previous year.

Total Income from operations for the fourth quarter dropped to Rs 808.95 crore (Rs 1,056.83 crore).

SCI received Rs 772.76 crore (Rs 832.75 crore) as revenues from the bulk segment, while liner segment contributed Rs 205.49 crore (Rs 250.91 crore).

Liner segment includes break-bulk and container transport. Bulk segment includes tankers (both crude and product), dry bulk carriers, gas carriers and phosphoric acid carriers.

On Monday, SCI’s share on BSE closed at Rs 127.50.

More Stories on : Financial Performance | Shipping/Ports | Shipping Corporation of India Ltd

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