Great Eastern Shipping net profit jumps nearly four-fold to Rs 721.94 cr ...Middle East

Great Eastern Shipping Company Ltd (GE Shipping), the country's largest private ship liner, on Friday reported a nearly four-fold jump in its consolidated net profit to Rs 721.94 crore in the March 2023 quarter. GE Shipping had posted a profit of Rs 188.97 crore in the year-ago period, the company said in a BSE filing. Its total consolidated income during the quarter under review rose to Rs 1,550.72 crore as against Rs 983 crore in the corresponding quarter a year ago. Total expenses during January-March increased to Rs 853.22 crore as compared with Rs 791.85 crore in the year-ago quarter. The company in its earnings presentation said crude and product tanker spot earnings remain elevated le

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