India’s biggest port operator posted a profit after tax Rs 1,342 crore for the April-June quarter. Consolidated revenue doubled to Rs 4,557 crore.
The company handled 76 million metric tons of cargo during the quarter, up 83 per cent on the year.
“The growth in cargo volume was led by dry cargo which grew by 104 per cent, container by 69 per cent, liquids (including crude) by 57 per cent and the addition of new products including LNG and LPG to the cargo basket,” it said in a statement.
APSEZ chief Karan
said the company has raised its target cargo volumes to 350-360 MMT, “which translates to unprecedented YoY growth of about 45 per cent”.
In July ‘21, as part of the capital management plan, APSEZ issued $750 million of dual-tranche 10.5-year and 20-year unsecured bonds in global capital markets.
