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APM Terminals Pipavav Q1 net falls 15 pc to Rs 47 cr

Press Trust of India  |  New Delhi 

(Port Ltd) today said its net profit fell 15 per cent to Rs 47.1 crore during the quarter ended June 30, 2018.

The company had posted Rs 55.7 crore net profit during the same quarter a year ago.

Its revenue from operations rose to Rs 176 crore from Rs 169.1 crore in April-June 2017, said in a statement.

The container cargo business for the quarter stood at 195k TEUs (twenty-foot equivalent unit).

Pipavav is one of India's leading gateway ports for containers, liquid bulk and dry bulk cargoes serving customers in with road and to country's hinterland.

It is India's first public private partnership (PPP) port in and is a part of the APM Terminals global

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 09 2018. 18:35 IST