** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

APSEZ Q1 profit falls 9%

Adani Ports and Special Economic Zone Limited (APSEZ), the logistics arm of Adani Group has reported a 9 percent decline in consolidated profit during the first quarter ended 30th June, to Rs 691 crore from Rs 761 crore a year ago, as per its exchange filings. 

The profit reportedly stumbled in the second straight quarter due to foreign exchange losses.

The company's revenue dropped 12 percent to Rs 2,411 crore from Rs 2,745 crore a year ago. EBITDA were up by a percent at Rs 1,588. 

Operating margin rose to 66 percent after declining for two successive quarters. It stood at 57 percent in the corresponding three months a year ago.

 

Disclaimer
Copyright © 2018 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us