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APM Terminals Pipavav registers net profit & revenue increase in Q4 FY 219

Logistic News - Published on Mon, 20 May 2019

Image Source: Arabian Business
As per its financial results for the full year ended March 31, 2019, APM Terminals Pipavav (Gujarat Pipavav Port Ltd) reported a net profit of INR 506 million for Q4FY19 as against INR 486 million in Q4FY18. Revenue from operations for the quarter under consideration stood at INR 1,801 million as against INR 1,655 million in Q4FY18. EBIDTA for the quarter was at INR 995 million as against INR 930 million during the same quarter the previous year. EBIDTA margin stood at 55 per cent in Q4FY19 as against 56.2 per cent in Q4FY18. The container cargo business for the quarter stood at approx. 219K TEUs, bulk business was at 524 million metric tonne and liquid business was at approx. 234 million metric tonne. RoRo business handled approx. 18K cars for the quarter under review.

For the full year ended March 2019, the company reported a net profit of INR 2,052 million. Total income from operations for FY19 stood at INR 7,020 million. EBIDTA for FY19 was at Rs 3,871 million and EBIDTA margin stood at 55 per cent.

For FY19, the container cargo business was 903k TEUs, bulk business was 2 million metric tonne, liquid business was approx 0.64 million metric tonne and RoRo business was approx. 76k units.

Commenting on the results, APM Terminals Pipavav Managing Director, Mr Keld Pedersen, said, "I am delighted to announce that our container volumes grew by 29 per cent on account of new service additions and bulk volumes grew by 10 per cent owing to high fertiliser volume in FY 2018-19. We are grateful to our customers for their continued support. The Board of Directors have proposed final dividend of Rs 1.8 per share subject to shareholders’ approval. This adds up to Rs 3.5 per share dividend for FY 2018-19."

A release said that Mr Ajit Venkataraman will be appointed as the Managing Director of APM Terminals Pipavav effective June 1, 2019.

Business highlights and developments at APM Terminals Pipavav in FY19

* APM Terminals Pipavav set a new productivity benchmark of the highest BMPH [Berth Moves per Hour] - 205 moves per hour on M.V. Cap San Vincent in March 2019

* In 2018, truck turnaround time was less than an hour and train average operational hours was less than 4 hours

* Got export train service from ICD Jodhpur and ICD Kanpur, thanks to CONCOR

* Initiated Dedicated Reefer Express Lane and Reefer Inspection Chamber for seafood cargo at the port

* Received certificate for Authorized Economic Operator for Logistics & Terminal Operators (AEO-LO)

* Introduced online version of Form 13

* The Govt of Gujarat presented the Gujarat State CSR award 2019 for "Cohesive & Strategic CSR Partnership" in the National CSR Conclave 2019

* Received an appreciation certificate from the Govt of Gujarat for outstanding contribution to the ‘Mukhya Mantri Apprenticeship Yojana’

Source :

Posted By : Rabi Wangkhem on Mon, 20 May 2019
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