APM Terminals Pipavav (Gujarat Pipavav Port Ltd) has announced that its standalone net profit has increased 18 per cent and its total income has increased by two per cent in the third quarter of 2016-17, ended December 31, 2017, compared to the same period last fiscal.
While the company’s total income was Rs.169.2 crore (Rs.165.1 crore), net profit stood at Rs.64.5 crore (Rs.54.7 crore), according to a statement here.
Container cargo business for the quarter stood at nearly 1.67 lakh TEUs, bulk business at 5.02 lakh tonnes, liquid business at 2.30 lakh tonnes and RoRo business at 27,000 units, said Keld Pedersen, Managing Director.
APM Terminals is India’s first public-private partnership (PPP) port in India with connectivity to Gujarat and the northern hinterlands of India, serving as a gateway for the movement of containers, bulk, liquid and RoRo cargo.