Varun Shipping Company net profit declines 98.59% in the June 2013 quarter

Sales decline 63.68% to Rs 55.86 crore

Net profit of Varun Shipping Company declined 98.59% to Rs 2.05 crore in the quarter ended June 2013 as against Rs 145.22 crore during the previous quarter ended June 2012. Sales declined 63.68% to Rs 55.86 crore in the quarter ended June 2013 as against Rs 153.80 crore during the previous quarter ended June 2012. ParticularsQuarter EndedJun. 2013Jun. 2012% Var.Sales55.86153.80 -64 OPM %174.97118.99 -PBDT71.6477.71 -8 PBT50.0555.93 -11 NP2.05145.22 -99

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