CP Update: Adani Ports

Adani Ports and SEZ posted 197 per cent increase in its consolidated net profit at Rs 710.31 crore for the fourth quarter ended March, 2013, on account of one-time gain of Rs 420 crore as it divested its holding in Australia's Abbot Point terminal to promoters.

 

The Adani group company had reported a net profit of Rs 239.46 crore during the corresponding quarter of 2011-12. Net sales of the company rose by nearly 42 per cent to Rs 965.09 crore during the quarter vis-a-vis Rs 680.32 crore in the same period of the previous fiscal.

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