In the first quarter of the financial year 2011-12, ended last June 30, the Indian shipping company Shipping Corporation of India (SCI) has reported a net loss of 58.6 million rupees ($ 1.3 million) on a net income of 9.29 billion rupees compared with a net profit of 1.9 billion rupees on net income of 9.06 billion rupees in April-June period of last year. The operating result was negative for 120.6 million rupees compared with a profit of 1.22 billion rupees in the first quarter of the financial year 2010-11.
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