It gives me immense pleasure to write to you at the end of year about the growth &progress of your Company throughout FY 2017-18.
During the year under review your Company achieved a turnover of Rs1691.58 Millionsas against Rs 1181.15 Millions in the previous year recording a growth of 43% YTY. TheCompany recorded an increase of 100% YTY in its normal operating pro t which grew from Rs148.89 Millions (Before Exceptional items) to Rs 297.67 Millions (Before Exceptionalitems).
The Company's healthy performance was accredited to its expanded storage capacity atJNPT terminal along with the better capacity utilization at all the three terminals i.eJNPT GOA and Cochin.I am pleased to announce that during the year the Networth of theCompany has turned positive & is Rs807 Millions which will further strengthen in thecoming years.
Under Chemical division also this year the Company has generated better revenue ascompared to the last years by increase in sale volume & better capacity utilization.The Company is further committed to generate good revenue from the Chemical division.
Your Company has been working relentlessly on further improving performance & assetutilization as well as generating maximum shareholders value. We look forward tocontinuing along our successful path together with you.
I would like to thank all our customers employees suppliers bankers portauthorities & statutory bodies who are directly & indirectly associated with theCompany for their support & commitment.
I thank all my colleagues on the board for their guidance and support. I am alsothankful to the fellow shareholders who continue to provide support & repose con dencein the management of the Company.
|With Warm regards |
|Rishi R Pilani |
|Chairman & Managing Director |