Great Offshore Ltd Quarterly net profit at Rs.561.7 Million

Great Offshore Ltd has announced the unaudited financial results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs.561.7 million for the quarter ended June 30, 2007.Total Income for the quarter ended June 30, 2007 was at Rs.1740.1 million.

The Offshore Services Business of The Great Eastern Shipping Co Ltd. (Demerged Undertaking) has been demerged w.e.f. April 01, 2005 into Great Offshore Ltd. pursuant to the Order of the High Court of Mumbai dated February 03, 2006 and amendments thereto and the announcement of the effective date of October 16, 2006. The results for June 30, 2006 are only for comparision purpose and not subject to "Limited Review" by the auditors of the Company.

During the quarter under review, the Company took delivery of one vessel, a newly built Anchor Handling Tug Supply Vessel named "Malaviya Twenty Three".

The company has reported an Earnings Per Share (EPS) of Rs.14.74 for the Quarter ending June 30, 2007.

The stock closed the day at Rs.820.95, up by Rs.2.35 or 0.29%. The stock hit an intraday high of Rs.827.70 and low of Rs.815. The total traded quantity was 39161 compared to 2 week average of 77184.

Source : Equity Bulls

Keywords