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CONCOR announces a first quarter profit decline of 21pc US$4.6 billion

CONTAINER Corporation of India (CONCOR) announced that its output volumes declined 21 per cent to 732,711 TEU in the financial year's first quarter, reports New Delhi's Business Standard

22 July 2020 - 19:00

CONTAINER Corporation of India (CONCOR) announced that its output volumes declined 21 per cent to 732,711 TEU in the financial year's first quarter, reports New Delhi's Business Standard.

Although export-import quarterly volumes had fallen 20.16 per cent to 627,905 TEU, domestic volumes fell 25.39 per cent to 104,806 TEU year on year.



The company's consolidated net profit blundered 9.4 per cent to INR313.47 crore (US$4.6 billion) on 14.3 per cent decline in net sales to INR1,584.31 crore in Q4 March 2020 over Q4 March 2019.



CONCOR is involved in the transportation of containers, and the handling of containers. CONCOR is also involved in the process of logistics facilities, including dry ports, container freight stations, and private freight terminals.


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