November 17, 2017   
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Mumbai, Nov 3 (IANS) The Shipping Corporation of India (SCI) on Friday posted a net loss of Rs 76.18 crore in the quarter ended September 30, up from Rs 17.77 crore in the year-ago period.

Its revenue from operations, during the quarter under review, was Rs 808.22 crore, up by 6.5 per cent from Rs 758.24 crore in the corresponding period last year.

The shipping major said its total expenses in the second quarter of the current fiscal grew by 9.5 per cent to Rs 883.04 crore, against Rs 806.02 crore in the year-ago period.

The company said it sold one container carrier while its board approved a proposal to sell two vessels.

The leading shipping carrier posted a net loss of Rs 82.90 crore in the first half of the current fiscal as against a profit of Rs 39.92 crore in the same period last year.