Western India Shipyard swings back to net profit in Q1
Moneylife Digital Team 09 August 2010

Western India Shipyard Ltd registered net profit of Rs5.8 crore in the first quarter as against the loss of Rs9.7 crore a year ago on higher turnover.

The company reported a total turnover of Rs30 crore in the June 2010 quarter compared to Rs10.5 crore in same quarter last year.

It has repaired 17 vessels and one deep water oil rig during the June 2010 quarter, said the company in a regulatory filing.

On Monday, Western India Shipyard shares ended 0.3% down at Rs12 on the Bombay Stock Exchange, while the Sensex closed 0.7% up at 18,278 points.

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