Indian Transport & Logistics

APM Terminals Pipavav (Gujarat Pipavav Port) net profit down by 25 percent

APM Terminals Pipavav (Gujarat Pipavav Port) net profit down by 25 percent
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APM Terminals Pipavav (Gujarat Pipavav Port) announced the financial results for the quarter and full year ended 31 March 2016. For the full year ended March 2016, the company reported a net profit of INR 2367 million. Income from operations for FY16 stood at INR 6195 million. EBIDTA for FY16 was at INR 3754 million and EBIDTA margin stood at 57 percent.

The Board recommended maiden dividend of Rs.1.90 per equity share, subject to shareholders’ approval in the forthcoming AGM [Annual General Meeting] scheduled in August 2016.

The company reported a net profit of INR 498 million for Q4FY16 as against INR 533 million in Q3FY16. Income from operations for the quarter under consideration stood at INR 1541 million as against INR 1521 million in Q3FY16. EBIDTA for the quarter was INR 991 million and EBIDTA margin stood at 62 percent.

For FY16, the Container cargo business was appx 695k TEUs, Bulk business was 2.47 million MT, Liquid business was appx 706k MT and RoRo business was appx.19k units.

Container cargo business for the quarter stood at appx. 177k TEUs, Bulk business was appx 377k MT, Liquid business was appx 250k MT and RoRo business was appx 8700 units during the quarter under review.

Commenting on the results, APM Terminals Pipavav (Gujarat Pipavav Port), managing director, Keld Pedersen said:

“The results for the fourth quarter and year ended March 31st 2016 are in line with the last quarter. The Liquid volumes at appx 250k MT is the highest so far and we secured a new service, INDFEX last quarter.”

These achievements are the reflection of our commitment to the trade and to the customers.

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