PSA Int'l profit up 13.4% at $1.43b

Singapore

BOOSTED partly by one-off income from asset disposals, PSA International's (PSA) net profit for fiscal 2013 rose 13.4 per cent to $1.43 billion from $1.26 billion a year earlier.

Revenue grew 3.3 per cent to $4.65 billion from $4.5 billion a year earlier.

Noting that PSA continues to serve close to 10 per cent of the world's market share in container handling, PSA chief executive Tan Chong Meng said: "Over the next few years, we will continue to invest in new terminals and upgrade older ones, ploughing back a high proportion of our annual earnings to serve our custom…