15.08.2023
Artikel Nummer: 45994
Adani Ports setting sail
Adani Ports, a ports, terminals and logistics group based in India, has announced its results for the first quarter of its current financial year, which began on 1 April 2023. Net profit surged by around 83%, driven by a substantial rise in cargo volume and improved margins due to higher tariffs.
The port operator reported a consolidated net profit of INR 21.2 billion (approximately EUR 232 million) for the period from April to June 2023, compared to INR 11.6 billion (approximately EUR 130 million) in the corresponding period of the previous year. Operating revenues also saw a significant increase of 23.5% to INR 6.3 billion (approximately EUR 69 million), attributed to a substantial 12% growth in cargo volume. (pb)