Higher expenses drag Allcargo net down 28%

Satyanarayan Iyer Mumbai | Updated on March 12, 2018

Allcargo Logistics Ltd has posted a 28 per cent drop in its second quarter consolidated net profit as higher expenses have hurt the logistics services provider.

During July-September quarter, the company has posted a net profit of Rs 42 crore against Rs 59 crore a year-ago. Total expenses rose six per cent to Rs 1,012 crore.

Shares of the company were trading at Rs 101, down 0.79 per cent on the BSE.

Published on November 14, 2013

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