Jaya Container terminals limited of Sri Lanka Ports Authority [JCT Oil Bank] has enhanced its profit in 2016 by 113 percent in relation to 2015, Minister of Ports and Shipping Arjuna Ranatunga said.
Minister Ranatunga expressed these sentiments while speaking in a ceremony held recently in the Jaya Container Terminals Limited.
The primary business of the Jaya Container Terminal limited is the storing of fuel which is supplied for vessels in the sea. This company comprise of 13 fuel tanks that could store, HF O 380, HFO 180 and MGO fuel categories. Total capacity of these tanks is 35,000 MT. This company had earned a profit of Rs 36 million in 2015 and had earned a profit of Rs 77 million in 2016. It had also reduced selling cost from 96 million to 92 million and administrating cost from 64 million to 55 million.
Preparation of effective management plans by giving the priority to protect the institution has paved way to these accomplishments, Minister Arjuna Ranatunga added.
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