Net profit of State Trading Corporation of India declined 88.44% to Rs 1.46 crore in the quarter ended June 2018 as against Rs 12.63 crore during the previous quarter ended June 2017. Sales declined 22.19% to Rs 3733.85 crore in the quarter ended June 2018 as against Rs 4798.94 crore during the previous quarter ended June 2017.

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State Trading Corporation of India will hold a meeting of the Board of Directors of the Company on 10 August 2018.

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State Trading Corporation of India announced that the Board of Directors of the company has appointed Pankaj Kumar, Deputy General Manager (Finance) as Compliance Officer of the Company w.e.f. 27 June 2018 vide circular resolution dated 20 June 2018 in place of Kamlesh Kumari consequent upon her resignation and relieving on 26 June 2018 from the services of the Company

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Net loss of State Trading Corporation of India reported to Rs 1.95 crore in the quarter ended March 2018 as against net profit of Rs 8.11 crore during the previous quarter ended March 2017. Sales declined 26.44% to Rs 2078.58 crore in the quarter ended March 2018 as against Rs 2825.73 crore during the previous quarter ended March 2017.

For the full year,net profit reported to Rs 37.52 crore in the year ended March 2018 as against net loss of Rs 165.82 crore during the previous year ended March 2017. Sales rose 39.05% to Rs 10865.71 crore in the year ended March 2018 as against Rs 7814.49 crore during the previous year ended March 2017.

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