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SLPA records historic revenue

Operations at the Jaya Container Terminal (JCT) of SLPA

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, (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.

Creating history, the Port of Colombo for the first time recorded 6.2 million container operations for the year 2017. The Port that  had been ranked as the 18th Best Connectivity Port by the Drewry Port Connectivity Index was  up by five places and ranked the 13th best Connectivity Port in the world in the 4th quarter 2017. According to the rankings the Port of Colombo also became the top best connectivity port in South Asia.

For its dedicated performance to uplift the position of the  Port of Colombo in the world maritime map, (SLPA) was awarded the Ports Authority of the Year Award by the Global Ports Forum (GPF) in 2018.

With the latest initiatives implemented by the  (SLPA), under the guidance of Minister of Ports and Shipping Mahinda Samarasinghe  and under the Management led by the Chairman of Sri Lanka Ports Authority (SLPA) Dr.Parakrama Dissanayake,  all sectors of port operation  show a rapid growth compared to similar periods during the past. SLPA at present,  has prepared a Three Year Development Plan to expedite the port sector development process in the country to further increase container volumes.

Courtesy : Sri Lanka Ports Authority (SLPA)