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Allcargo Logistics reports 22% fall in Q1 net profit

08 Aug 2012 Evaluate

Allcargo Logistics has reported results for first quarter ended June 30, 2012.

The company has reported a decline of 22.29% in its net profit at Rs 34.96 crore for the quarter under review as compared to Rs 44.99 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 37.74% at Rs 280.24 crore for Q1FY13 as compared Rs 203.46 crore for the corresponding quarter previous year.

Allcargo Logistics offers direct outbound and inbound LCL group age services to and from over 4,000 major cargo destinations worldwide. It provides a gamut of services through a direct and active presence in LCL consolidation, CFS/ICDs, project logistics, equipment hiring & transportation and warehousing.

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