India's Great Eastern Shipping has posted a stronger annual profit as tanker rates increased.
The company said net earnings to 31 March were INR 10.39bn ($156.23), against INR 7.48bn a year ago.
Revenue from its 32 ships reached INR 40.78bn from INR 37.13bn and the EBITDA margin rose to 55% from 46%.
Debt was cut to INR 57.94bn from INR 65.39bn over the same period.
The
