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APM Terminals Pipavav Declares Financial Performance for Q1

Mumbai:

Port Wings News Network:

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) on 8 August 2019 announced the financial results for the quarter ended June 30, 2019.

According to a media statement, the company reported a net profit of INR 564 million for Q1FY20 as against INR 471 million in Q1FY19. Revenue from operations for the quarter under consideration stood at INR 1,776 million as against INR 1,760 million in Q1FY19.

EBIDTA for the quarter was at INR 1,024 million as against INR 914 million during the same quarter last year. EBIDTA margin stood at 58% in Q1FY20 as against 52% in Q1FY19.

The container cargo business for the quarter stood at appx. 221K TEUs, Bulk business was at 0.51 MMT and Liquid business was at appx. 0.2 MMT. RoRo business handled appx. 15K cars for the quarter under review.

During the period, trade meets were organized in Mumbai and Delhi, and CMA CGM started weekly scheduled block train from Port Pipavav.

APM Terminals Pipavav [Gujarat Pipavav Port Ltd] is one of India’s leading gateway port for Containers, Ro/Ro (passenger cars), Liquid Bulk and Dry Bulk cargoes serving customers in the state of Gujarat with road and rail networks to India’s hinterland and northwest.

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