Allcargo Q4 net profit slips 2% to Rs 57 cr

Allcargo Logistics today reported a marginal dip of 2 per cent in consolidated net profit at Rs 57.24 crore for the quarter ended March 31, 2017.
The company's net profit was at Rs 58.64 crore in the year-ago quarter, it said in a BSE filing.
Its total income form operations during the quarter was at Rs 1,362.81 crore, as against Rs 1,390 crore a year ago.
The firm's total expenses fell to Rs 1,295.79 crore, compared to Rs 1,319.17 crore in the year-ago period.
Allcargo Logistics, part of The Avvashya Group, offers specialised logistics services across multimodal transport operations, container freight station operations, coastal Shipping services with fleet of ships owned and operated ships and Project and Engineering Solutions.

Shares of the company today ended 1.13 per cent lower at Rs 175.40 apiece on BSE.