Expanding Indian tanker and bulker owner Great Eastern Shipping has slipped to a fourth-quarter loss as revenue fell.

The net deficit to 31 March was INR 341.6m ($5.6m) against a profit of INR 241.5m the year before.

Revenue fell to INR 7.46bn from INR 8.59bn over the same period.

This left it with an annual profit of INR 7.54bn, down from INR 10.96bn in the previous 12 months.

Its non-offshore shipping operations turned in operating earnings of INR 2.29bn from INR 2.37bn,