India's Great Eastern Shipping up 8% on four-fold jump in Q4 profit

The Great Eastern Shipping

15/05/2023 06:43

** Shares of Great Eastern Shipping Company Ltd  GESC.NS 
rise as much as 8.28% to 732.80 rupees, a five-month high
    ** Shipping service provider reports nearly four-fold jump
in Q4 consolidated net profit to 7.22 bln rupees in March
quarter compared to 1.89 bln rupees a year ago  urn:newsml:reuters.com:*:nFWN37910Z
    ** Revenue from operations up 59% Y/Y to 14.56 bln rupees
    ** GESC also approves fourth interim dividend of 9 rupees
per share for FY2023
    ** Trading volume is 1.73 mln shares as of 11:08 a.m. IST ,
more than seven times the 30-day avg - Refinitiv data 

    
 
 ($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))