Malware attack-hit APM Terminals net falls 25%

APM Terminals Pipavav today reported a 25.5 per cent dip in its September quarter net at Rs 44.2 crore on lower cargo handling.
The company, which was affected by a global cargo attack on the parent's systems, had reported a post tax net of Rs 59.4 crore in the year-ago period.
Its total revenues declined to Rs 151.7 crore from the Rs 172.2 crore due to lower cargo.
Barring liquid cargo, which registered a healthy increase to 2.76 lakh metric tonne as against 78,000 MTs, it reported a decline in all other segments including containers, bulk and also the emerging Ro-Ro service.

Total containers declined to 1.60 lakh standard units from 1.66 lakh TEUs last year, bulk came down to 5.18 lakh MTs from 7.05 lakh MTs last year, while Ro-Ro came down to 19,000 units from 21,570 units.
It was, however, not immediately if the malware attack which got discovered in late June had any impact on the earnings for the July-September period.
In a brief statement, managing director Keld Pedersen said, "this has been a challenging quarter, however we continue to focus on growth."
The company counter ended 2.50 per cent down at Rs 138.35 on the BSE as against a 0.08 per cent slide on the benchmark.