Gujarat Pipavav Port Limited Announces Unaudited Financial Results for the Quarter and Nine Months Ended December 31, 2017
January 30, 2018 at 08:56 am
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Gujarat Pipavav Port Limited announced unaudited financial results for the quarter and nine months ended December 31, 2017. For the quarter, the company's total income was INR 1,700.88 million against INR 1,800.32 million for the same period last year. Profit before tax was INR 768.51 million against INR 876.54 million for the same period last year. Net profit for the year was INR 499.95 million against INR 645.44 million for the same period last year. Earnings per share, basic and diluted, were INR 1.03 against INR 1.34 for the same period last year.
For the nine months, the company's total income was INR 5,122.16 million against INR 5,379.74 million for the same period last year. Profit before tax was INR 2,327.92 million against INR 2,516.71 million for the same period last year. Net profit for the year was INR 1,498.73 million against INR 1,837.17 million for the same period last year. Earnings per share, basic and diluted, were INR 3.10 against INR 3.80 for the same period last year.
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.
GUJARAT PIPAVAV PORT LIMITED 
