Sical Logistics Ltd, India’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, today announced that its operating profit grew by 43% to Rs.14.61 vs Rs.10.18 crore, a year ago.
The logistics business continued its steady growth with improvements in both net profit and EBIDTA levels.The Consolidated net sales of the second fiscal quarter ended 30 september 2008 was Rs,172.2 crore va.265.84 crore a year ago. The consolidated EBIDTA for Q2 FY09 was Rs.24.6 crore a ago. The consolidated EBIDTA for H1 (half year) FY 2009 was Rs.46.44 crore vs Rs.44.67 crore, up 4% a year ago.
Sical’s container logistics business grew at more than 60% over the second quarter of previous year,adding new customers and enhancing services to existing customers. Its half yearly container volumes till September 08 grew at 11% to 70.503 TEUs from 63772 TEUs a year ago The offshore logistics business also saw string growth in dollar earnings, which were not exposed to currency fluctuations,
From irs platform supply vessel in the North sea.The real business continued its positive growth with the addition of a third rake in its fleet. On the results, Mr.Ashwin C Muthiah, chairman , sical Logistics said,”The Second quarter F’ 2009 results are along project lines, despite a difficult economic environment. Our logistics business continues to be stable and earnings projects are steady as per estimates,” During the second fiscal quarter,we made significant progress in our second rake commenced operations on the North south corridor and we recently received delivery of our third rake. We achieved the financial closure of the Nagpur sical Gupta road terminal and continued construction work at an accelerated pace on the sical iron ore terminal at Egmore. Our overall outlook remains positive and we are confident og achieving strong value led growth for all our stakeholcers in the long term.”added Mr. Ashwin Muthiah, Chairman, sical Logistics.
The logistics business continued its steady growth with improvements in both net profit and EBIDTA levels.The Consolidated net sales of the second fiscal quarter ended 30 september 2008 was Rs,172.2 crore va.265.84 crore a year ago. The consolidated EBIDTA for Q2 FY09 was Rs.24.6 crore a ago. The consolidated EBIDTA for H1 (half year) FY 2009 was Rs.46.44 crore vs Rs.44.67 crore, up 4% a year ago.
Sical’s container logistics business grew at more than 60% over the second quarter of previous year,adding new customers and enhancing services to existing customers. Its half yearly container volumes till September 08 grew at 11% to 70.503 TEUs from 63772 TEUs a year ago The offshore logistics business also saw string growth in dollar earnings, which were not exposed to currency fluctuations,
From irs platform supply vessel in the North sea.The real business continued its positive growth with the addition of a third rake in its fleet. On the results, Mr.Ashwin C Muthiah, chairman , sical Logistics said,”The Second quarter F’ 2009 results are along project lines, despite a difficult economic environment. Our logistics business continues to be stable and earnings projects are steady as per estimates,” During the second fiscal quarter,we made significant progress in our second rake commenced operations on the North south corridor and we recently received delivery of our third rake. We achieved the financial closure of the Nagpur sical Gupta road terminal and continued construction work at an accelerated pace on the sical iron ore terminal at Egmore. Our overall outlook remains positive and we are confident og achieving strong value led growth for all our stakeholcers in the long term.”added Mr. Ashwin Muthiah, Chairman, sical Logistics.
