Essar Shipping swings to loss in Jan-Mar quarter
Source: IRIS | 21 May, 2014, 11.59AM
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Rating: NAN / 5 stars. |
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Essar Shipping swung to a loss for the quarter ended March 2014. During the quarter, the company reported a loss of Rs 1,657.40 million compared with a profit of Rs 0.50 million in the same quarter previous year. Net sales for the quarter declined 34.19% to Rs 4,798.30 million, compared with Rs 7,290.80 million for the prior year period.
Quarterly Results - (Rs in mn) | As at | Mar - 14 | Mar - 13 | %Change | Net Sales | 4,798.30 | 7,290.80 | (34.19) | Net Profit | (1,657.40) | 0.50 | - | Basic EPS | (8.07) | NA | | Shares of the company gained Rs 0.35, or 1.79%, to trade at Rs 19.90. The total volume of shares traded was 71,483 at the BSE (11.54 a.m., Wednesday).
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