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Mumbai, February 1, 2017: APM Terminals Pipavav (Gujarat Pipavav Port Ltd), today announced the standalone financial results for the quarter ended December 31, 2016.
The company reported a net profit of INR 645 million for Q3FY17 as against INR 547 million in Q3FY16. Total Income for the quarter under consideration stood at INR 1,692 million as against INR 1,651 million in Q3FY16.
EBIDTA for the quarter was at INR 1,043 million and EBIDTA margin stood at 61.7%.
The Container cargo business for the quarter stood at (appx.) 167k TEUs, Bulk business at (appx.) 502k MT and Liquid business at (appx.)230k MT. RoRo business at (appx.)27k units for the quarter under review.
Commenting on the results, APM Terminals Pipavav (Gujarat Pipavav Port Ltd),Managing Director, Mr. Keld Pedersen said: “Our performance during the quarter once again showcases our efforts in a challenging business environment.”
About APM Terminals Pipavav
APM Terminals Pipavav [Gujarat Pipavav Port Ltd.] is India's first Public Private Partnership (PPP) Port in India having excellent connectivity to the Gujarat Region and the Northern hinterlands of India. It serves as a gateway for movement of containers, bulk, liquid and RORO cargo.
APM Terminals Pipavav [Gujarat Pipavav Port Ltd.] is a part of the APM Terminals which is aleading global port and cargo inland services provider with a presence in 69 countries providing the world’s most geographically balanced global terminal network with 73 ports, nine new ports under construction and ten facilities in expansion mode – along with an inland services network spanning 140 locations. Based in The Hague, Netherlands, the company works with shipping lines, importers/exporters, governments, business leaders and the entire global supply chain to provide solutions that help nations achieve their ambitions and businesses reach their performance goals.