Adani Ports and Special Economic Zone 's net profit rose higher than expected 64.6%
year-on-year to Rs 418 crore in the quarter ended June 2012. Analysts on an
average had expected at Rs 309 crore.
Net sales went up by 18.9% to Rs 789.4 crore from Rs 664
crore during the same period.
The forex loss increased significantly to Rs 32.2 crore in
the first quarter of FY13 as against Rs 1.7 crore in a year ago period.
In a press conference, Adani Port said they had handled
17.42 mt of cargo in the quarter. According to them, Adani Port is now the
second largest port in India.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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