ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Hansavivek INDIA STEAMSHIP has turned out improved results for 1980-81 with a gross profit of Rs 8,03 crore against Us 4.67 crore and net profit of Rs 1.35 crore against previous year's net loss of Rs 2.13 crore. These figures have been arrived at after taking into account a gain of Rs 1.40 crore (Rs L39 crore) on the sale of ships. Freight and charter-hire earnings amounted to Rs 47.48 crore (Rs 42.03 crore). The company is returning to the dividend list with a recommendation of a 10 per cent payment, which is covered 2.65 times by earnings. Increase in freight earnings arose out of the 20 per cent general freight rate increase in UK/Continental trade both in the Eastbound and Westbound directions from May 1980, as well as encouraging improvement in the world trend. Full effect of freight rate increase by 16.5 per cent on Indo-Soviet trade fron?

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