Adani reports 26% rise in profit
Indian terminal operator Adani Ports and Special Economic Zone (APSEZ) has recorded a 26% increase in its pre-tax profit in the 2015/2016 fiscal year.
The company’s consolidated profit before tax rose to 3,157 crore (US$474m) in the fiscal year ended on March 31, 2016, up from 2,501 crore (US$376m) in the previous fiscal year.
Consolidated container volumes went up by 17% year-on-year to 3.3m teu in the 2015/2016 fiscal year from 2.9m teu handled in the previous one.
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