| Date: |
13-02-2016 |
| Subject: |
Adani Ports & SEZ posts 25% increase in net profit |
MUMBAI: Adani Ports & SEZ on Friday said its quarterly net profit rose 25% on higher revenue, other income and a fall in finance costs.
The company's net profit for the October-December period rose to Rs 638.10 crore from Rs 511.97 crore a year earlier.
Revenue for the quarter rose 11% to Rs 1717.86 crore. Other income rose 15% to Rs 177.89 crore while finance cost fell 24% to Rs 263.71 crore.
"We are focusing on improving top line and bottom line of the company by improving operational efficiency through use of technology, better cargo mix and by bringing down net finance cost," said Karan Adani, CEO of the company.
Source : economictimes.indiatimes.com
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