The Telegraph
Since 1st March, 1999
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Smooth sailing for SCI

Mumbai, July 28 (PTI): Shipping Corporation of India Ltd (SCI) has registered a net profit of Rs 150.25 crore for the first quarter ended June 30, 2003, compared with a net loss of Rs 5.93 crore posted in same period previous fiscal. Total income in the period under review has increased to Rs 784.91 crore against Rs 530.48 crore recorded in the first quarter of 2002-03, a company official said.

Nirma net rises

Detergent major Nirma Ltd has posted a 32 per cent rise in net profit at Rs 59.98 crore in the first quarter ended June 30, 2003, compared with Rs 45.45 crore recorded during the corresponding previous period.

The company’s gross sales rose to Rs 665.82 crore during the quarter under review, against Rs 648.08 crore posted during the same period a year ago. Nirma’s interest cost fell 58 per cent to Rs 7.94 crore in the reporting quarter, as against Rs 18.95 crore in the year-ago period.

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