APM Terminals Pipavav (Gujarat Pipavav Port Ltd) standalone financial performance for the quarter ended June 30, 2017
Editor’s Synopsis
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Mumbai, August 10, 2017: APM Terminals Pipavav (Gujarat Pipavav Port Ltd), today announced the standalone financial results for the first quarter ended June 30, 2017.
The company reported a net profit of INR 557 million for Q1FY18 as against INR 598 million in Q1FY17. Income from operations for the quarter under consideration stood at INR 1,691 million as against INR 1,672 million in Q1FY17.
EBIDTA for the quarter was at INR 1,037 million as against INR 1,002 million during the same quarter last year. EBIDTA margin stood at 61% in Q1FY18 as against 60% in Q1FY17
The Container cargo business for the quarter stood at appx. 165k TEUs, Bulk business was at 505k MT and Liquid business was at appx. 213k MT. RoRo business handled appx. 26k cars for the quarter under review.
About APM Terminals Pipavav
APM Terminals Pipavav [Gujarat Pipavav Port Ltd.] is a part of the APM Terminals Global Terminal Network of 72 operating ports, terminal facilities and 135 Inland services, employing 20,600 professionals across 69 countries around the world. APM Terminals designs, builds and operates ports and inland services. The world’s leading brands and shipping lines rely upon APM Terminals to ensure their supply chains and global network succeed in all markets.
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.