PSA International full-year net profit up 5.1% to S$1.23 billion
PORT and terminal operator PSA International posted a 5.1 per cent jump in full-year net profit to S$1.23 billion on higher revenue and container throughput at its terminals worldwide.
Revenue for the year ended Dec 31, 2017, was 7.8 per cent higher at S$3.97 billion.
The port and terminal operator handled 74.24 million TEUs (20 foot equivalent units) of cargo during FY2017, up 9.8 per cent from FY2016.
PSA's flagship Singapore terminals contributed almost half of this volume or 33.35 million TEUs, a 9 per cent increase compared to the year before.
PSA terminals outside Singapore accounted for 40.89 million TEUs of throughput, up 10.4 per cent from 2016.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes
Singapore shares climb at Friday’s open; STI up 0.2%
A timeline of DBS’ recent banking glitches
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income