Essar Ports reports marginal rise in Q1 net profit

Essar Ports has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 rose by 0.33% at Rs 39.61 crore as compared to Rs 39.48 crore for the corresponding quarter last year. Its net sales soared 72.05% at Rs 274.58 crore for the quarter under review from Rs 159.59 crore for the same quarter last year.

Essar Ports is engaged in business of providing end-to-end logistics services with investments in ports and terminals, logistics services, sea transportation and oilfield drilling services.