Revenue grew by 10% to `975.5 crore.
Revenue grew by 10% to `975.5 crore.

Allcargo Logistics net falls 73%

Net profit fell to `16.8 crore for the quarter ended 31 March, 2013, as against `61.6 crore for the year-ago period

Mumbai: The decline in the cargo volumes at Indian major ports resulted in a 73% decline in net profit of port-based logistics operator Allcargo Logistics Ltd to 16.8 crore for the quarter ended 31 March, 2013, as against 61.6 crore for the year-ago period. Revenue grew by 10% to 975.5 crore.

The board of directors of the company have recommended, subject to the shareholders’ approval, payment of dividend at 75%, or 1.50 per equity share of 2 each, for the fiscal ended 31 March.

Allcargo Logistics, part of The Avvashya Group, is a leading integrated logistics company that offers specialized logistics services across multimodal transport operations, container freight station operations and project and engineering solutions.

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