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APM Terminals Pipavav posts Rs 44.2 cr net profit for Q2FY18

  Gujarat Pipavav Port Ltd also known as APM Terminals Pipavav has reported a net profit of Rs 44.2 crore for Q2FY18 as against Rs 59.4 crore in Q2FY17, says a release on 2nd Nov.Total Income for the quarter under consideration stood at Rs 151.7 crore as against Rs 172.2 crore in Q2FY17.  EBIDTA for the quarter was at Rs 82.8 crore 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.”

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