State-owned Container Corporation of India has posted a 16.46 per cent increase in unaudited net profit for the fourth quarter of 2007 to INR1.93 billion (US$49.24 million), up from INR1.65 billion for the same quarter a year earlier.
Fourth quarter income from operations grew by 12.85 per cent year on year to INR8.43 billion compared to INR7.47 billion for the same quarter the previous year, a company statement said.
Total income for the quarter was up 15.26 per cent over 2006 to INR8.85 billion compared with INR7.68 billion for the corresponding prior year period.
For the 12 months ended March 31, 2007, the company recorded an audited net profit of INR7.04 billion, income from operations of INR30.37 billion, and total income for the year of INR31.22 billion.
Container Corporation of India is a multi-modal (rail and road) logistics provider for the country's export and imports, domestic trade and commerce, working under the Ministry of Railways.
The company's core businesses are container shipping and terminal/warehouse operations. To provide container-handling services, the company liaises with customs, gateway ports, railways, truckers, consolidators, forwarders and shipping lines.
Fourth quarter income from operations grew by 12.85 per cent year on year to INR8.43 billion compared to INR7.47 billion for the same quarter the previous year, a company statement said.
Total income for the quarter was up 15.26 per cent over 2006 to INR8.85 billion compared with INR7.68 billion for the corresponding prior year period.
For the 12 months ended March 31, 2007, the company recorded an audited net profit of INR7.04 billion, income from operations of INR30.37 billion, and total income for the year of INR31.22 billion.
Container Corporation of India is a multi-modal (rail and road) logistics provider for the country's export and imports, domestic trade and commerce, working under the Ministry of Railways.
The company's core businesses are container shipping and terminal/warehouse operations. To provide container-handling services, the company liaises with customs, gateway ports, railways, truckers, consolidators, forwarders and shipping lines.