Container Corp to maintain FY09 margins, capex plans

Container Corp to maintain FY09 margins, capex plans
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First Published: Thu, Oct 16 2008. 11 29 AM IST
Updated: Thu, Oct 16 2008. 11 29 AM IST
New Delhi: Container Corp of India expects to maintain its full-year margin and keep its Rs5 billion capital expenditure plan on track despite a worsening economy, its managing director said on Thursday.
“Adverse market condition does not impact us. Our expansion plans are out of our own sources” of funds, Managing Director Rakesh Mehrotra told investors during a conference call.
The state-owned logistics firm on Wednesday said its net profit for the July-September quarter rose 28.7% to Rs2.24 billion from a eyar ago, while and net sales rose about 10% to Rs9.03 billion.
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First Published: Thu, Oct 16 2008. 11 29 AM IST