Saturday, May 19, 2012

Essar Shipping turns black with Q4 profit of Rs 55 cr


Essar Shipping has reported a net profit of Rs 55 crore for the fourth quarter of FY12 as against loss of Rs 67 lakh in a year ago period.

Revenues jumped 23.54% to Rs 845 crore from Rs 684 crore during the same period.

EBITDA increased significantly by 52% year-on-year to Rs 248 crore in the quarter ended March 2012.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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