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Gateway Distriparks Q2 net up 308 pc

Our Bureau

MUMBAI: Gateway Distriparks Ltd, a port-based logistics facilitator, has reported a 308 per cent increase in net profit for the second quarter ended September 30, 2005 to touch Rs 20.4 crore from Rs 5 crore recorded in the corresponding quarter of last fiscal.

During the quarter, the company's revenues grew by 102 per cent to touch Rs 38.34 crore, as against Rs 18.98 crore in the corresponding quarter of last fiscal.

The throughput handled by the company during the quarter was 50,109 TEUs, representing a 20 per cent increase.

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