Box throughput to surge at SAGT
12.06.2012
The installation of two new super post panamax cranes during the fourth quarter at the South Asia Gateway Terminals (SAGT) in Colombo - the container terminal partly owned by John Keells Holdings (JKH) - will increase capacity to meet growing demand.
The bunkering business expanded its operations during the year with the extension of its existing services, JKH chairman Susantha Ratnayake said in the company's 2011/12 annual report.
"The outlook for transportation businesses within the industry group remains positive despite the likely challenges stemming from fluctuating global oil prices and the currency depreciation," Mr Ratnayake said, reported The Nation of Sri Lanka.
During the 2011/12 fiscal year, the transport segment of the JKH Group achieved revenues of LKR17.3 billion (US$133.7 million) and a net profit of LKR3.2 billion. The group's net profit in the 2011/12 fiscal year increased by 18 per cent over the previous year.
"Both sectors within the transportation industry group experienced volume growth as a result of capacity enhancements and also due to general improvements in the industry landscape," Mr Ratnayake said.
JKH holds a 42 per cent stake in SAGT, which has a capacity of 2.1 million TEU. The company also plans to bid for a new terminal at the Colombo South Harbour, which could lead to a capital expenditure requirement of US$350 million over the next four to five years, according to the Shipping Gazette.
The bunkering business expanded its operations during the year with the extension of its existing services, JKH chairman Susantha Ratnayake said in the company's 2011/12 annual report.
"The outlook for transportation businesses within the industry group remains positive despite the likely challenges stemming from fluctuating global oil prices and the currency depreciation," Mr Ratnayake said, reported The Nation of Sri Lanka.
During the 2011/12 fiscal year, the transport segment of the JKH Group achieved revenues of LKR17.3 billion (US$133.7 million) and a net profit of LKR3.2 billion. The group's net profit in the 2011/12 fiscal year increased by 18 per cent over the previous year.
"Both sectors within the transportation industry group experienced volume growth as a result of capacity enhancements and also due to general improvements in the industry landscape," Mr Ratnayake said.
JKH holds a 42 per cent stake in SAGT, which has a capacity of 2.1 million TEU. The company also plans to bid for a new terminal at the Colombo South Harbour, which could lead to a capital expenditure requirement of US$350 million over the next four to five years, according to the Shipping Gazette.
