Shipping Corporation of India reports fiscal 3Q profit

Shipping Corporation of India reports fiscal 3Q profit

Shipping Corporation of India swung to a Rs. 31.3 crore (about $5 million) net profit in its fiscal third quarter, which ended Dec. 31, from a $10.6 million loss in the same period of 2013, driven by cost savings and higher freight rates that helped offset a marginal decline in revenue.

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