World Point Terminals (WPT) has reported 0.73 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $9.35 million in the quarter, compared with $9.42 million for the same period last year. Revenue during the quarter went up marginally by 2.48 percent to $25.17 million from $24.56 million in the previous year period. Total expenses were 62.93 percent of quarterly revenues, up from 60.85 percent for the same period last year. That has resulted in a contraction of 208 basis points in operating margin to 37.07 percent.
Operating income for the quarter was $9.33 million, compared with $9.62 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $15.97 million compared with $16.29 million in the prior year period. At the same time, adjusted EBITDA margin contracted 286 basis points in the quarter to 63.46 percent from 66.31 percent in the last year period.
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