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APM Terminals Pipavav registers increased revenue in Q1FY19


APM Terminals Pipavav (Gujarat Pipavav Port Ltd) has announced the standalone financial results for the first quarter ended June 30, 2018.


The company reported a net profit of Rs 471 million for Q1FY19 as against Rs 557 million in Q1FY18. Revenue from operations for the quarter under consideration stood at Rs 1,760 million as against Rs 1,691 million in Q1FY18.


EBIDTA for the quarter was at Rs 914 million as against Rs 1,037 million during the same quarter last year. EBIDTA margin stood at 52 per cent in Q1FY19 as against 61 per cent in Q1FY18.


The container cargo business for the quarter stood at approx. 195k TEUs, bulk business was at 619k MT and liquid business was at approx. 160k MT. RoRo business handled approx. 16k cars during the quarter under review, said a release.


Source : Exim News Service - Mumbai/Pipavav, Aug. 9


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