Net Loss of Great Eastern Shipping Company reported to Rs 418.18 crore in the quarter ended March 2018 as against net loss of Rs 34.16 crore during the previous quarter ended March 2017. Sales rose 1.94% to Rs 752.72 crore in the quarter ended March 2018 as against Rs 738.42 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 209.57 crore in the year ended March 2018 as against net profit of Rs 754.96 crore during the previous year ended March 2017. Sales declined 2.45% to Rs 2995.47 crore in the year ended March 2018 as against Rs 3070.69 crore during the previous year ended March 2017.

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Net loss of Great Eastern Shipping Company reported to Rs 13.44 crore in the quarter ended March 2018 as against net profit of Rs 155.34 crore during the previous quarter ended March 2017. Sales rose 19.79% to Rs 551.78 crore in the quarter ended March 2018 as against Rs 460.62 crore during the previous quarter ended March 2017.

For the full year,net profit declined 73.36% to Rs 160.19 crore in the year ended March 2018 as against Rs 601.39 crore during the previous year ended March 2017. Sales rose 21.75% to Rs 2025.23 crore in the year ended March 2018 as against Rs 1663.45 crore during the previous year ended March 2017.

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Great Eastern Shipping Co. has approved the issue of Non-Convertible Debentures upto an amount not exceeding Rs. 1000 Crore by way of private placement during the year.

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Great Eastern Shipping Co. announced that the Board of Directors of the Company at its meeting held on 04 May 2018, has recommended a dividend of Rs.7.20 per share (i.e.72%), subject to the approval of the shareholders.

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