Sri Lanka Ports Authority posts net profit growth
The Sri Lanka Ports Authroity (SLPA) posted a revenue of Rs45.6bn (US$289.56m) in 2017, with net profit growing from Rs1.03bn (US$8.26m) in 2016 to Rs13.3bn (US$84.46m).
The SLPA’s state-run terminals suffered a difficult first three quarters in 2017, especially the Jaya Container Terminal (JCT), but they bounced back in the fourth quarter as the authority posted throughput growth of 9.2%.
This growth has been carried into 2018, with the SLPA recording growth of 15.3% in the first quarter.
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