Mumbai-based Mercator Lines has reported a much reduced profit in 2Q 2011.
Bombay and Delhi-quoted diversified shipping company Mercator Lines has reported second quarter turnover of INR 3.30bn ($73m).
This generated a profit of IRN 147m ($3.2m).
In its last financial year ending 31 March 2011, Mercator made a profit of about INR 470m ($10m) on turnover of about INR 28.3Bn
