Container Corporation of India net up 12.5% for Jun07 qtr
Container Corporation of India registered a 12.48% growth in net profits to Rs 1,870.90 million for the quarter ended June 2007 from a profit of Rs 1,663.30 million for the quarter ended June 2006.
Net sales rose 7.57% to Rs 7,759.30 million for the quarter ended June 2007 from Rs 7,213.30 million in the corresponding quarter, a year ago.
Total income rose 9.95% to Rs 8,110 million for the quarter ended June 2007 from Rs 7,375.8 million in the same quarter, last year.
The earnings per share (EPS) of the company rose 12.5% to Rs 28.79 in the quarter ended June 2007.
Incorporated in 1988, Container Corporation (Q, N,C,F)* of India (CONCOR) is a multi-modal (rail and road) logistics support provider for the countrys exim and domestic trade and commerce, working under the ministry of railways, Government of India. It handles the imports and exports of the country from about 40 dry ports or terminals spread across India. It also enjoys a near monopoly situation in the transportation of containerised cargo through the Indian railways.
CONCORs core business is characterised by three distinct activities, that of a carrier, a terminal operator, and a warehouse operator.
The key value the company offers is the provision of a single-window facility co-ordinating with all the different agencies and services involved in the containerized cargo trade right from customs, gateway ports, and railways, to road hauliers, consolidators, forwarders, custom house agents and shipping lines.
Shares of the company closed down Rs 16.20, or 0.72%, at Rs 2,240.00 at the BSE. Total volume of shares traded was 684.
Net sales rose 7.57% to Rs 7,759.30 million for the quarter ended June 2007 from Rs 7,213.30 million in the corresponding quarter, a year ago.
Total income rose 9.95% to Rs 8,110 million for the quarter ended June 2007 from Rs 7,375.8 million in the same quarter, last year.
The earnings per share (EPS) of the company rose 12.5% to Rs 28.79 in the quarter ended June 2007.
Incorporated in 1988, Container Corporation (Q, N,C,F)* of India (CONCOR) is a multi-modal (rail and road) logistics support provider for the countrys exim and domestic trade and commerce, working under the ministry of railways, Government of India. It handles the imports and exports of the country from about 40 dry ports or terminals spread across India. It also enjoys a near monopoly situation in the transportation of containerised cargo through the Indian railways.
CONCORs core business is characterised by three distinct activities, that of a carrier, a terminal operator, and a warehouse operator.
The key value the company offers is the provision of a single-window facility co-ordinating with all the different agencies and services involved in the containerized cargo trade right from customs, gateway ports, and railways, to road hauliers, consolidators, forwarders, custom house agents and shipping lines.
Shares of the company closed down Rs 16.20, or 0.72%, at Rs 2,240.00 at the BSE. Total volume of shares traded was 684.