Great Eastern Shipping Company declined 0.92% to Rs 340 at 11:05 IST on BSE even as the company said on Wednesday, 19 March 2008, it has contracted to sell its general purpose product tanker Jag Praja.
The company made this announcement after trading hours on
The scrip touched a high of Rs 347.95 and a low of Rs 331.50 so far during the day. The stock had hit a 52-week high of Rs 572 on
The company’s current equity is Rs 152.27 crore. Face value per share is Rs 10.
The current price of Rs 340 discounts its Q3 December 2007 annualized EPS of Rs 77.12, by a PE multiple of 4.41.
Great Eastern Shipping Company’s net profit rose 77% to Rs 293.57 crore on 23.3% growth in net sales to Rs 604.29 crore in Q3 December 2007 over Q3 December 2006.
The 29,990 dead weight tonnage (DWT) vessel, built in 1982 is likely to be delivered to the buyer in the first quarter of the financial year 2008-09, GE Shipping said. The company’s current fleet stands at 12 vessels, comprising 4 LR1 tankers and 8 dry bulk carriers aggregating 0.85 million DWT.
On
In January 2008, Great Eastern Shipping Company signed a contract to sell Jag Akshay, a Panamax dry bulk carrier.
In December 2007, the company signed a contract with SPP Shipbuilding Co,
The company has two main businesses, 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 wholly owned subsidiary Greatship (
No comments:
Post a Comment