During July-Sep 2012 quarter, the consolidated net profit of GE Shipping rose tripled to Rs 81.20 crore.
The consolidated net profit in the corresponding period last year was Rs 27.31 crore. The company witnessed a 5 percent rise in total income to Rs 773.06 crore while revenue from the offshore segment rose 41 percent to Rs 377.04 crore during the quarter under review.
GE Shipping has two main business : shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities.
The offshore business services to the oil companies in carrying out offshore exploration and production activities, through its subsidiary Greatship (India).
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