Cochin Port Trust makes profits after decade

Kochi, April 5 (IANS) The Cochin Port Trust (CPT) has made a turnaround on the financial front, first time in the past one decade, by making a net surplus of about Rs 4 crore during fiscal 2017-18, it said on Thursday.

The CPT achieved an all-time high cargo of 29.14 million metric tonnes in 2017-18, recording an impressive growth of 16.51 per cent over 2016-17.

This cargo growth rate is highest amongst all the major ports in the country.

According to the CPT, which released the figures here, the total number of containers handled during 2017-18 was 5.55 lakh TEUs (20-foot equivalent units) as against 4.91 lakh TEUs during 2016-17.

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