Great Eastern Shipping Company on Friday reported a multi-fold jump in its consolidated net profit to Rs 457.04 crore for the quarter ended June 30, on the back of higher income.
The company had reported a consolidated net profit of Rs 12.36 crore in the first quarter of the previous year.
Its total income from operations increased to Rs 1,397.64 crore in the quarter under review against Rs 801.39 crore a year ago, it said in a BSE filing. The company’s total expenses also rose to Rs 947.30 crore in the quarter from Rs 796.37 crore in the year-ago period.
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