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Home STOCKS Container Corporation consolidated Q1 profit nosedives 76% to Rs 58 crore

Container Corporation consolidated Q1 profit nosedives 76% to Rs 58 crore

Point out-owned Container Corporation of India Ltd (Concor) on Friday claimed its consolidated profit nosedived 75.97 for every cent to Rs 58.26 crore for the quarter ended on June 30, 2020.
The company had clocked a consolidated profit of Rs 242.51 crore all through the corresponding quarter a year in the past, the multi-modal logistics company stated in a regulatory filing to the BSE.
Complete money during the April-June time period of the existing fiscal dipped to Rs 1,251.50 crore from Rs 1,722.79 crore in the year-back interval.
Full expenses also declined to Rs 1,179.71 crore as in contrast to Rs 1,397.45 crore before.
Apart from supplying inland transportation by rail for containers, Concor is also into administration of ports, air cargo complexes and creating cold chain.

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