New Delhi, Jan 30 (PTI) APM Terminals Pipavav Wednesday said its standalone net profit rose by 5 per cent to Rs 52.2 crore during the December 2018 quarter.Also Read - 7th Pay Commission: Good News For Central Govt Employees, Salary to Increase Up to THIS Amount | Details Here
The company, formerly Gujarat Pipavav Port Ltd, had posted a Rs 49.9-crore net profit during the corresponding quarter a year ago. Also Read - Planning to Buy or Sell a Second-Hand Vehicle? Here's an Important Update For You
Its revenue from operations stood at Rs 174.7 crore, against Rs 162.7 crore in the third quarter. Also Read - IND vs PAK T20 World Cup 2021 Match Report: Shaheen Afridi, Babar Azam Star as Pakistan Live Up To Unpredictable Tag, Crush India by 10 Wickets in Super 12 Battle
The company said its container cargo business for the quarter stood at about 2,51,000 TEUs (twenty-foot equivalent units), bulk business was at 0.33 MT and liquid business was at about 015 MT.
Besides, the ‘roll-on, roll-off’ (Ro-Ro) business handled about 20,000 cars for the quarter under review.
APM Terminals Pipavav Managing Director Keld Pedersen said: “The company has registered a YoY growth of 45 per cent in container volume with the healthy mix of EXIM, Transshipment and Coastal volumes. At 2,51,000 TEUs, the company has registered the highest quarterly container volume.” APM Terminals Pipavav is one of gateway ports for containers, Ro-Ro (passenger cars), liquid bulk and dry bulk cargoes serving customers in Gujarat with road and rail networks to India’s hinterland and northwest.
The current annual cargo handling capacity includes 1.35 million TEU containers, 250,000 passenger cars, 2 million tonne of liquid bulk and 4 million tonne of dry bulk.
This is published unedited from the PTI feed.