Mercator Announces Results for Period Ended December 2011 (India)

Mercator Limited (formerly Mercator Lines Ltd.) announced its financial results for the period ended 31st December 2011.

The total consolidated income for Nine months ended December 2011 (9MFY1 2) was Rs. 2698 Cr. against Rs. 2044 Cr. in the coresponding period in previous year (9MFY1 1) recording an increase of 32% n YOY basis. The consolidated Net Profit earned Rs. 65 Cr.

The consolidated numbers for the three months ended December 2011 (Q3 FY 12) were – Income- Rs. 1114C r . (Rs.7 75 Cr . Q3 FY1 1) recording an increase of 44%.

The net profit earned Rs. 26 Cr.

BUSINESS COMMENTARY/ HIGHLIGHTS

The seqmentwise revenue and its contribution to total income were as under:

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Dredging Today Staff, February 14, 2012; Image: mercator