SCI posts Rs 6.17 cr loss in Q4

State-run Shipping Corporation of India said it incurred a loss of Rs 6.17 crore in the fourth quarter ended March 31,2011.

State-run Shipping Corporation of India on Monday said it incurred a loss of Rs 6.17 crore in the fourth quarter ended March 31,2011.

The company had a net profit Rs 135.85 crore in the same period last fiscal,Shipping Corporation of India said in a filing with the Bombay Stock Exchange.

Total income of the shipping major declined to Rs 933.47 crore in the quarter under review from Rs 1,005.78 crore in the same period last year.

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For the year ended March 31,2011,its net profit rose to Rs 567.35 crore from Rs 376.91 crore in the 12-month period last fiscal.

Total income rose to Rs 4,019.77 crore in the year under review from Rs 3,902.69 crore a year ago.

The board of directors,at its meeting held on May 30,2011,recommended a final dividend of Rs 2.5 on every equity share of Rs 10 each for the financial year 2010-11,it said.

This is in addition to the interim dividend of Rs 3 per share declared on February 7,2011.

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Shares of the company closed at Rs 102.80,down 0.53 per cent from the previous close on the BSE.

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