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i-maritime News Service

Kolkata port posts 29% growth in net surplus - 2012-06-18


The Kolkata Port Trust has posted nearly 29 per cent growth in net surplus (profit) after tax to Rs 90 crore in 2011-12 compared with Rs 70 crore last fiscal.

KoPT reported a three per cent rise in operating surplus to Rs 440 crore in the financial year ended March 31, 2012.

According to Mr Manish Jain, the port’s cargo handling witnessed a shortfall of 4 million tonnes in 2011-12. Majority of this cargo shortage was attributed to movement of crude oil.

 Source : Hindu Business Line