Shipping Limited Announces Standalone Audited Earnings Results for the Quarter and Year Ended March 31, 2019 and Consolidated Audited Earnings Results for the Year Ended March 31, 2019
May 30, 2019 at 09:41 am EDT
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Essar Shipping Limited announced standalone audited earnings results for the quarter and year ended March 31, 2019 and consolidated audited earnings results for the year ended March 31, 2019. For the quarter, on standalone basis, the company reported income from operations of INR 1,136.4 million compared to INR 1,630.4 million a year ago. Total income from operations of INR 1,442.1 million compared to INR 1,898.3 million a year ago. Loss after tax was INR 14,251.8 million compared to profit after tax was INR 1,805.7 million a year ago. Basic loss per share after exceptional items were INR 68.86 compared to earnings per share after exceptional items of INR 8.72 a year ago.
For the year, on standalone basis, the company reported income from operations of INR 4,919.2 million compared to INR 6,434.1 million a year ago. Total income from operations of INR 5,350.4 million compared to INR 7,035.5 million a year ago. Loss after tax was INR 15,934.9 million compared to profit after tax was INR 461.7 million a year ago. Basic loss per share after exceptional items were INR 76.99 compared to earnings per share after exceptional items of INR 2.23 a year ago.
For the year, on consolidated basis, the company reported total income from operations of INR 13,664.8 million compared to INR 12,872.3 million a year ago. Loss for the year after share of loss of associate attributable to the shareholders of the parent was INR 37,753.1 million compared to INR 16,648.3 million a year ago. Basic loss per share after exceptional items were INR 350.61 compared to INR 81.4 a year ago.
Essar Shipping Limited is an India-based integrated logistics services company. The Company is engaged in the businesses of sea transportation, logistics services and oilfield services. The Companyâs segments include fleet operating and chartering. It operates international and coastal voyages. Its geographical segments include India, Singapore, Cyprus, United Arab Emirates, United Kingdom, Switzerland, Taiwan, Kuwait, Denmark and Bangladesh. It has also directly and/or through its subsidiaries and associates invested in diverse business verticals, such as fleet operating and chartering (tankers and dry bulkers), oilfield services (land rigs and semi- submersible rigs) and logistics services (trucks, trailers and tippers). It also provides sea transportation, logistics services and oilfield services to Arkay Logistics Limited and Essar Bulk Terminal Limited. Its subsidiaries include OGD Services Holdings Limited, Energy II Limited and Essar Shipping DMCC.
Shipping Limited Announces Standalone Audited Earnings Results for the Quarter and Year Ended March 31, 2019 and Consolidated Audited Earnings Results for the Year Ended March 31, 2019