Container Corp of India June-qtr Profit Down

Maritime Activity Reports, Inc.

August 9, 2016

State-owned Container Corporation of India recorded a 14 percent drop in standalone net profit for the three months to the end of June, the company said in a statement.
 
Its net profit for the April-June quarter came in at 1.78 billion rupees ($26.67 million), missing expectations.
 
Analysts had estimated a net profit of 2.01 billion.
 
Its income from operations for the quarter was 13.39 billion rupees, down 5.7 percent.
 
(Reporting by Promit Mukherjee)
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