After three years of losses, Shipping Corporation of India reports FY profit

After three years of losses, Shipping Corporation of India reports FY profit

Shipping Corporation of India swung to $31.5 million net profit in fiscal year 2014-15, which ended March 31, from a $43.2 million loss in the previous year, driven by continued cost-cutting and improved freight earnings that helped compensate for a marginal decline in operating revenue.

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