India's Great Eastern Shipping down on Q2 profit fall

The Great Eastern Shipping

30/10/2023 06:03

** Shares of Great Eastern Shipping  GESC.NS  fall as much
as 4.6% to 790 rupees    
    ** Co reported on Friday its consolidated net profit fell
22.6%, revenue from operations down 15% Y/Y
    ** GESC hurt by ~17% fall in revenue from its core shipping
segment
    ** Stock on track for third consecutive session of loss, if
trends stand
    ** Stock currently down 3%, trimming YTD gains to 21%



($1 = 83.2575 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))