New Delhi : State-run Shipping Corporation of India (SCI) reported a standalone net profit of Rs 18.59 crore for the quarter ended September this fiscal. The company had registered a net loss of Rs 123.53 crore in the comparable period of the previous fiscal.
Total income during the period under review went up by 3.5%to Rs 1,093.52 crore from Rs 1,056.43 crore in the July-September quarter of previous fiscal.
Total expenditure came down to Rs 1,113.07 crore from Rs 1134.50 crore.
As part of Government’s ‘Look East Policy’, state-run Shipping Corporation of India had earlier said it had started a fortnightly service to Myanmar.
The service will cater to Mizoram and other North-eastern states using the Sittwe port in Myanmar located on the mouth of the Kaladan river.
