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GE Shipping Q4 net loss widens to Rs 418 crore

GE Shipping Q4 net loss widens to Rs 418 crore
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New Delhi: The Great Eastern Shipping Company (GE Shipping) on Friday reported widening of net loss to Rs 418.18 crore during the quarter ended March 31.
The company had posted a net loss of Rs 34.16 crore in the year-ago period, GE Shipping said in a Bombay Stock Exchange filing.
The company's total income during January-March, 2017-18 also fell to Rs 815.24 crore from Rs 873.23 crore earlier, it said.
Its expenses during the said period increased to Rs 1,074.31 crore as against Rs 883.82 crore in the March quarter, 2016-17, it added.
In a separate filing, the company said its board has approved raising up to Rs 1,000 crore through issuance of non-convertible debentures.
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