Bharati Shipyard annual net profit down

Bharati Shipyard slipped on annual net profit despite a gain in revenue for its financial year that ended in March 2011. The Mumbai-listed firm posted an annual net profit of INR113 crore compared to INR139 crore in the last financial year. Revenue improved to INR1581 crore compared to INR1352 crore in the previous year. In the fourth quarter, net profit rose to INR382.3m compared to INR355.8m in the same quarter of 2010.

Date 24 July 2011                                                                                 Source : PortNews