CPA's operating profit records 13pc rise in FY'07
Monday, 16 July 2007
Jasim Uddin Haroon
The Chittagong Port Authority (CPA) witnessed a growth of around 13 per cent in operating profit in 2006-07 fiscal year over that of the last fiscal.
The port earned Tk 8.33 billion in the fiscal while its expenditure during the period stood at Tk 4.21 billion registering an operating surplus of Tk 4.12 billion.
The revenue earning in fiscal 2005-06 was Tk 7.41 billion and expenses Tk 3.57 billion marking an operating profit of Tk 3.84 billion.
The port's major sources of earning includes charges on handling containers, terminal handling charges and river dues.
Besides, the premier port also saw a record growth of 10.46 per cent in handling containers in the fiscal year.
The port handled a total of 913,704 Twenty-foot Equivalent Units (TEUS) containers equivalent to 625,800 boxes.
Of them, 458,542 were export containers and 455,162 were import -laden containers during the fiscal year.
But, the CPA-owned Dhaka Inland Container Depot (ICD) saw a negative growth of container handling in the fiscal.
Dhaka ICD handled a total of 76,595 containers in the fiscal, but it handled 81,033 containers in 2005-06.
The Dhaka ICD handled 39,238 export containers in the fiscal and it handled 37,357 import containers during the period.
However, the port handled more than 27 million general cargoes in the period.
Port officials said the high turn over in the fiscal was possible due to expeditious cargo handling since January this year.
Apart from this, local currency appreciation against the green back also contributed to the high earnings of the port.
Chief Finance and Accounts Officer of Chittagong Port Authority (CPA) Mohammed Harun Mian told the FE that the port's efficiency grew tremendously since the emergency as the officials of the Task Forces are closely monitoring the development at the port.
He said the Task Forces took a number of measures to expedite the cargo movement.
All the port services had been privatised over the past six months.
According to a study conducted by the Chittagong Chamber of Commerce and Industry (CCCI) the port's efficiency rose by around 50 per cent over the past six months.
FBCCI director Muhammed Amirul Haque told the FE that not only did the CPA's operating profit rise but the cost of doing business in the port has reduced by around 40 per cent since 1/11.
The port has Tk 26 billion fixed deposit receipt (FDR) in different banks.
The Chittagong Port Authority (CPA) witnessed a growth of around 13 per cent in operating profit in 2006-07 fiscal year over that of the last fiscal.
The port earned Tk 8.33 billion in the fiscal while its expenditure during the period stood at Tk 4.21 billion registering an operating surplus of Tk 4.12 billion.
The revenue earning in fiscal 2005-06 was Tk 7.41 billion and expenses Tk 3.57 billion marking an operating profit of Tk 3.84 billion.
The port's major sources of earning includes charges on handling containers, terminal handling charges and river dues.
Besides, the premier port also saw a record growth of 10.46 per cent in handling containers in the fiscal year.
The port handled a total of 913,704 Twenty-foot Equivalent Units (TEUS) containers equivalent to 625,800 boxes.
Of them, 458,542 were export containers and 455,162 were import -laden containers during the fiscal year.
But, the CPA-owned Dhaka Inland Container Depot (ICD) saw a negative growth of container handling in the fiscal.
Dhaka ICD handled a total of 76,595 containers in the fiscal, but it handled 81,033 containers in 2005-06.
The Dhaka ICD handled 39,238 export containers in the fiscal and it handled 37,357 import containers during the period.
However, the port handled more than 27 million general cargoes in the period.
Port officials said the high turn over in the fiscal was possible due to expeditious cargo handling since January this year.
Apart from this, local currency appreciation against the green back also contributed to the high earnings of the port.
Chief Finance and Accounts Officer of Chittagong Port Authority (CPA) Mohammed Harun Mian told the FE that the port's efficiency grew tremendously since the emergency as the officials of the Task Forces are closely monitoring the development at the port.
He said the Task Forces took a number of measures to expedite the cargo movement.
All the port services had been privatised over the past six months.
According to a study conducted by the Chittagong Chamber of Commerce and Industry (CCCI) the port's efficiency rose by around 50 per cent over the past six months.
FBCCI director Muhammed Amirul Haque told the FE that not only did the CPA's operating profit rise but the cost of doing business in the port has reduced by around 40 per cent since 1/11.
The port has Tk 26 billion fixed deposit receipt (FDR) in different banks.