GE Shipping Q2 net spurs 51 pc, interim dividend at Rs 4/share

Mumbai, Oct 27 (UNI) Great Eastern Shipping Company Ltd (GE Shipping) has posted a net profit of Rs 235.48 crore for the quarter ended September 30, 2006, as compared to Rs 156.07 crore for the quarter ended September 30, 2005, up 50.88 per cent.

Announcing the results, the company said its total income is Rs 593.20 crore for the quarter ended September 30, 2006, as against Rs 471.14 crore for the quarter ended September 30, 2005.

Meanwhile, the Board of GE Shipping today at its meeting declared an interim dividend of Rs four per share to the equity shareholders of the Company which will be paid to the eligible shareholders on or after November 22, 2006.

The interim dividend declared will be paid on the reduced equity share capital (152,273,924 equity shares) post demerger of the offshore services business.

It also appointed Berjis Desai as Director on the Board of the Company with effect from October 27, 2006.

UNI SN MJ SKB1915