PSA International 2021 net profit up 18.2%
Amount is S$1.4b, from S$1.2b in 2020; revenue up 11.7% on higher throughput, storage revenue
Singapore
TEMASEK-OWNED port operator PSA International saw net profit for 2021 climb 18.2 per cent to S$1.4 billion from S$1.2 billion in 2020, the company said in a press statement on Friday (Mar 18).
Revenue was up 11.7 per cent year on year at S$4.7 billion from S$4.2 billion, due chiefly to higher throughput and storage revenue.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.