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19 December 2014 The on-line newspaper devoted to the world of transports 07:31 GMT+1



May 30, 2012

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Shipping Corporation of India closes the exercise anniversary 2011-12 in red

The result records the losses generated from the line services

In the exercise anniversary 2011-12, that it is finished 31st March, the shipowning group Indian Shipping Corporation of India (SKI) is incurred in a net loss of 4,28 billion rupees (76 million dollars) respect to a profit of clearly 5,67 billion rupees in the exercise anniversary precedence. The revenues have grown of 12.6% attesting itself to 43,09 billion rupees, of which 11,74 billion rupees generated from the services of line (+2.9%) and 29,01 billion rupees from the segment of the bulk transport (+16.8%). The operating result has been negative for 1,44 billion rupees respect to an operating profit of 5,27 billion rupees in exercise 2010-11.

In the exercise anniversary 2011-12 the services of line of the Indian group have generated liabilities before taxes of 3,12 billion rupees respect to a profit before taxes of 0,62 billion rupees in the exercise precedence, while the division Bulk has totaled a profit before taxes of 0,68 billion rupees respect to a profit before taxes of 3,98 billion rupees in exercise 2010-11.



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