APM Terminals Pipavav reports Profit of INR 500 million in Q3FY18

Posted by Daily Shipping Times on 01-02-2018        Tweet

MUMBAI/PIPAVAV: APM Terminals Pipavav (Gujarat Pipavav Port Ltd), announced the financial results for the third quarter ended December 31, 2017.

The company reported a net profit of INR 500million for Q3FY18 as against INR 645 million in Q3FY17.Total Income for the quarter under consideration stood at INR 1,627million as against INR 1,692 million in Q3FY17.

EBIDTA for the quarter was at INR 947million and EBIDTA margin stood at 58%.

The Container cargo business for the quarter stood at 173k TEUs, Bulk business was at 550k MT and Liquid business was at appx.324k MT. RoRo business was appx.30k units for the quarter ended December 31st, 2017.

Commenting on the Q3FY18 results Mr. Keld Pederson, MD GPPL said, “While the Q3FY18 vs Q3FY17 shows lower numbers, the quarter on quarter performance is encouraging. The Total income was at INR 1,627 million as compared to INR 1,517 million in the previous quarter. EBITDA margins were at 58% as compared to 55% of the previous quarter. Overall at Net profit level we were at INR 500 million vs INR 442 million in the previous quarter.”