Shreyas Shipping reports profit on back of intra-Asia growth

Shreyas Shipping reports profit on back of intra-Asia growth

Shreyas Shipping and Logistics swung to a Rs. 16.52 crore (about $2.54 million) net profit in the first fiscal quarter, from a loss of Rs. 19.66 crore ($3 million) a year earlier, as India’s fast-growing short-sea ship operator acquired new ships and significantly expanded its service network.

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