APSRTC improves profit, performance.

Hyderabad, Mar 8 (UNI) The Andhra Pradesh State Road Transport Corporation (APSRTC) has made a profit of Rs 95 crore so far in the current financial year with reduction in Motor Vehicle Tax and full reimbursement of cost of concessions from the government.

The Andhra Pradesh Government helped RTC by way of 100 per cent reimbursement of cost of concessions and drastic reduction in MV Tax from 12.5 percent to seven per cent in the rural areas and from ten to five per cent in the city in 2005-06, according to an official release here today.

The traffic revenue in the current financial year upto February this year was Rs 3,358.10 crore as against Rs 2,910.43 crore last year and earned an additional 15.38 per cent of traffic revenue over that of last year.

APSRTC had made rapid strides in its services to the travelling public and had implemented various innovations, reforms and measures to improve its services to commuters.

During the month of Feb this year, the corporation had registered occupancy ratio of more than 70 per cent and netted an additonal traffic revenue of Rs 20 crore over and above that of February 2006.

UNI