For the first time in its 70 year maritime trade, Visakhapatnam Port Trust (VPT) recorded highest ever operating profit of Rs 210 crore and lowest-ever operating ratio of 50.9 per cent in 2002-03.
The board of trustees, who met here on Wednesday, approved the draft accounts of VPT for the year 2002-03.
During the year ended march 2003, VPT earned Rs 427.89 crore income with an operating profit of Rs 210.04 crore.
According to a VPT press release here, despite the record handling throughput of 46 million tonnes and increase in wage bill and price escalation, VPT could curtail the operating expenditure by 2.59 per cent over 2001-02 by implementing the stringent cost reduction measures.
The finest indicator in the financial front is
