APM Terminals Pipavav Q2FY18 financial performance

Posted by Daily Shipping Times on 03-11-2017        Tweet

Q2FY18 performance vs. Q2FY17

•             Total income at INR 1,517million vs. INR 1,722 million

•             EBITDA at INR 828million vs. INR 986million

•             EBITDA margin at 55% vs. 57%

•             Net Profit at INR 442 million vs. INR 594million

MUMBAI/PIPAVAV: APM Terminals Pipavav (Gujarat Pipavav Port Ltd), announced the financial results for the quarter and six months ended September 30, 2017.

The company reported a net profit of INR 442million for Q2FY18 as against INR 594million in Q2FY17.Total Income for the quarter under consideration stood at INR 1,517million as against INR 1,722 million in Q2FY17.

EBIDTA for the quarter was at INR 828million and EBIDTA margin stood at 55%.

The Container cargo business for the quarter stood at 160k TEUs, Bulk business was at 518k MT and Liquid business was at appx. 276k MT. RoRo business was appx. 19000 units for the quarter ended September 30th, 2017.

Based on the Company’s profitability for the six months ended 30th September 2017, the Board of Directors have approved an Interim Dividend of Rs. 1.70 Per share for payment to the shareholders.

Commenting on the results, APM Terminals Pipavav, Managing Director, Mr. Keld Pedersen said “This has been a challenging quarter, however we continue to focus on growth.”