Net profit of ABG Shipyard declined more than 32 percent to Rs 32.8 crore during the quarter ending September 30, 2012 from Rs 48.4 crore in the year-ago period.
Net sales of the private sector shipbuilder also declined to Rs 543.6 crore during the reporting period from Rs 571.6 crore in the year-ago period.
Meanwhile, it is learnt that the company’s Managing Director RS Nakhra resigned citing health reasons and Girish Nayak has been appointed as an additional director.
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