Business Standard

APM Terminals Pipavav net profit at Rs 55 cr in June quarter

Image

Press Trust of India New Delhi

APM Terminals Pipavav on Thursday posted a flat consolidated net profit at Rs 55 crore for the quarter ended June 30.

The company, formerly called Gujarat Pipavav Port Ltd, had reported a consolidated net profit of Rs 55.2 crore in the year-ago period, APM Terminals Pipavav said in a filing to the BSE.

The company's consolidated income during April-June quarter rose to Rs 189.9 crore from Rs 186.6 crore in the year-ago period.

APM Terminals Pipavav is country's gateway port for containers, liquid bulk and dry bulk cargoes among others serving customers in Gujarat with road and rail networks to country's hinterland and northwest.

 

Its current annual cargo handling capacity includes 1.35 million TEU containers, 250,000 passenger cars, 2 million metric tonnes of liquid bulk and 4 million metric tonnes of dry bulk.

APM Terminals Pipavav is a part of APM Terminals' global terminal network.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 08 2019 | 7:15 PM IST

Explore News