Gujarat Pipavav Port Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2017
November 02, 2017 at 03:12 pm IST
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Gujarat Pipavav Port Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company reported revenue from operations of INR 1,516.72 million compared to INR 1,721.77 million a year ago. Profit before tax was INR 695.77 million compared to INR 823.05 million a year ago. Net profit was INR 441.82 million or INR 0.91 per basic and diluted share (not annualized) compared to INR 594.18 million or INR 1.23 per basic and diluted share (not annualized) a year ago.
For the six months, the company reported revenue from operations of INR 3,207.31 million compared to INR 3,393.71 million a year ago. Profit before tax was INR 1,559.41 million compared to INR 1,640.18 million a year ago. Net profit was INR 998.78 million or INR 2.07 per basic and diluted share (not annualized) compared to INR 1,191.73 million or INR 2.47 per basic and diluted share (not annualized) a year ago.
Gujarat Pipavav Port Limited is an India-based company that is primarily engaged in port networks. The Company operates through the Port Services segment, which primarily includes services, such as marine services, berth hire, wharfage, container handling, yard operations, stevedoring and the activities incidental thereto within India. It is engaged in constructing, operating, and maintaining an all-weather port at Pipavav. The Companyâs port is designed to handle bulk, container, liquid cargo and roll-on roll-off (RORO) and to provide port services, such as material handling and storage operations. Its tools include service locator, track and trace, terminal alerts, and data services and application programming interface (API) store. The Companyâs services include used port-equipment sales, low carbon logistics program, crane and engineering services, quay and marine, reefer services, stuffing and stripping, storage and warehousing, container services and repair, and gate services.