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VGR 2017
SMA 2017

Latest News

APM Terminals Pipavav’s (Gujarat Pipavav Port Ltd) standalone financial performance for the quarter ended December 31, 2016

BSN Network
Date: 02/02/2017
images/latest_news/1485950524photo-port-pipavav-60339.jpg

Editor’s Synopsis

Q3FY17 performance vs. Q3FY16
Total income at INR 1,692 million vs. INR 1,651 million
EBITDA at INR 1,043 million vs. INR 998 million
EBITDA margin at 61.7% vs. 60.4%
Net Profit at INR 645 million vs. INR 547 million
 
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.”

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