GSL REPORTS EXCELLENT PERFORMANCE
GOA: 51st Annual General Meeting of Goa Shipyard Limited was held on 26th September, 2017 wherein the Company adopted the Annual Accounts for FY 2016-17. The meeting was attended by members of the Board of Directors, shareholders and other senior functionaries of GSL. RAdm. Mital, Chairman & Managing Director reported yet again excellent all round results both on Operational and Financial fronts wherein VoP has jumped to Rs 1030 Crore (highest in the history of GSL) as against Rs 726 Crore in the previous year, an increase of 42% over the previous year. This is second highest VoP amongst DPSU shipyards. Similarly, Operating Profit has increased to Rs 131 Crore as against Rs 69 Crore in the previous year, a growth of 91% year on year. The Company has earned a Profit before Tax of Rs 177 Crore during FY 2016-17, highest in the last six years. The Company has achieved nearly 40% turnover from exports.These are best results achieved in the history of the Company.
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