GE Shipping shares sink 8% on mixed Q2 results; PAT down 3%, margins dip

Quick Summary:

GE Shipping reported a 3 per cent fall in consolidated net profit to Rs 576 crore in Q2 as compared to Rs 595 crore a year ago.

GE Shipping, or Great Eastern Shipping Company, is a private sector shipping company, with a significant presence in the global maritime industry.

Kamsarmax and Supramax are two popular vessel sizes in the dry bulk shipping sector, each serving distinct roles within the global shipping industry.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Nse Markets Ge shipping results Ge shipping share price today Stock market today Bse Sensex Nifty Ge shipping share price Ge shipping Ge shipping q2 results 2024 Ge shipping q2 result

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 10:17:29 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23467418

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