CONCOR Consolidated Net profit increase 7.5 % for current financial year

Container Corporation of India (CONCOR) posted financial 2013 consolidated net profit of USD 167.5 million, up 7.5% from a year earlier. Revenue rose 8.5% to USD 800 million, while operating profit improved 3% to USD 216.5 million.

Income from the core international goods hauling trade grew 8.5% to USD 637 million, and income from the domestic intermodal segment jumped 9% to USD 156 million.

The company’s operating expenses for the year ending March 31 totaled USD 643 million, up about 105 from financial 2012. Rail-haulage costs surged 11% year-over-year to USD 463.4 million, accounting for 58% of total sales.

Concor’s net profit in the previous quarter drop 1% to USD 40.6 million. The company, an offshoot of Indian Railways (IR), is the biggest intermodal logistics provider in the country with a network of about 60 inland terminals.