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Dredging Corporation reports net loss of Rs 79 crore in Q2

Dredging Corporation of India has reported results for second quarter ended September 30, 2018.

The company has reported a net loss of Rs 79.16 crore for the quarter under review against net profit of Rs 18.59 crore for the same quarter in the previous year. Total income of the company decreased by 8.18% at Rs 149.44 crore for Q2FY19 as compared Rs 162.75 crore for the corresponding quarter previous year.

Dredging Corporation of India is the premier dredging company in India and is the only PSU company offering dredging services. Established in 1976, the Company provides dredging and allied services to Ports, Indian Navy etc.

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