News / Global economic headwinds blow a hole in PSA profits

22/03/2019

PSA International recorded a bounce in both revenues and volumes last year – but not enough to prevent a post-tax profit drop.

The port operator handled 81m teu over the 12-month period, up just shy of 10% on 2017, with its Singapore terminals responsible for more than a third (36m teu, up 8.9%).

This in turn generated some $4bn in revenue (up 3%), but post-tax net profit fell 2.3% from $1.23bn to $1.2bn.

Group chairman Fock Siew Wah pointed to global economic headwinds ...

Please Register

To continue reading, please login or register for full access to our free content

Loadstar subscriber LOGIN

New Loadstar subscriber REGISTER

Please Login

Please either REGISTER or login below to continue Forgotten your password? Please click here

Email*
Password*

Reset Your Password

<< Go back

Email*

Comment on this article

You must be logged in to post a comment.

David Taylor
March 22, 2019 at 4:05 pm
The article is incorrect with respect to the date of the acquisition of DCT. The article states the acquisition was 1 year ago – the announcement was made only 3 days ago.

Log in to Reply
- Gavin van Marle
  March 22, 2019 at 6:44 pm
  You are correct David. Our apologies, the article has been amended.
  Kind regards,
  Gavin
  
  Log in to Reply
David Taylor
March 22, 2019 at 10:44 pm
Thanks Gavin.

Log in to Reply