Cochin Port Trust achieves operational profit of Rs 18.5 cr

The Cochin Port Trust today said it has made a reasonable turn around in 2014-15 financial year.
In a release, the Port said it has achieved an operational income of Rs 384.82 crore and operational expenditure of Rs 366.32 crore resulting in an operating profit of Rs 18.5 crore.
"This is against an operating loss of Rs 20 crore in the previous year. The operating ratio of the organization came down from 105 per cent to 95 per cent," it said.
The Port said the profit was achieved through expenditure control by implementing strict austerity measures. "The Port has reduced its net loss to Rs 85 crore," the release said.

The Port handled total tonnage of 21.6 Million Tons against 20.88 Million Tons in the previous financial year, achieving a growth rate of 3.4 per cent.
The Port also made achievements in the peripheral activities with a 12 per cent growth in bunker sales and also entered into LNG bunkering.
The CFS (Container Freight Station) of the Port showed an 8.6 per cent increase in volume of container stuffing/destuffing.