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Sri Lanka Ports Authority records higher revenue

Sri Lanka Ports Authority records higher revenue

Colombo : Sri Lanka Ports Authority (SLPA) as a leading public sector institution has achieved a revenue of Rs.45.6 billion in 2017. This is a significant increase compared to 2016. The net profit after tax for 2017 was Rs.13.3 billion compared with Rs.1.03 billion achieved in 2016.

Although the state run terminals, especially the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority signaled a slight drawback during the first three quarters of last year, with the efficient manoeuvre of port activities, all SLPA terminals have significantly progressed to record a positive growth of 9.2% for the 4th quarter of 2017 and the trend continues through 2018. Sustainably retaining this positive growth approach, Sri Lanka Ports Authority (SLPA) has recorded a total growth of 15.3% for the 1st quarter 2018. Total growth of the Port of Colombo for the same period is 16.2%. Meanwhile, SLPA owned ports of Trincomalee and Galle have also recorded profits for the year 2017.