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APM Terminals Pipavav registers increased income from operations in Q1


APM Terminals Pipavav (Gujarat Pipavav Port Ltd) has announced the standalone financial results for the first quarter ended June 30, 2017.


The company reported a net profit of Rs 557 million for Q1 FY18 as against Rs 598 million in Q1 FY17. Income from operations for the quarter under consideration stood at Rs 1,691 million as against Rs 1,672 million in Q1 FY17.


EBIDTA for the quarter was at Rs 1,037 million as against Rs 1,002 million during the same quarter last year. EBIDTA margin stood at 61 per cent in Q1 FY18 as against 60 per cent in Q1 FY17.


The container cargo business for the quarter stood at approximately 165k TEUs, bulk business was at 505k MT and liquid business was at approximately 213k MT. The RoRo business handled approximately 26k cars during the quarter under review, said a release.


Source: Exim News Service - MUMBAI, Aug. 10


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