Ecommerce and electronics traffic give Cathay Cargo results a lift
Cathay Cargo’s 2024 results were boosted by ecommerce and electronics, giving it a 11% hike ...
Source: PSA International
PRESS RELEASE
Review of Results
PSA International Pte Ltd (“PSA”) handled 94.8 million Twenty-foot Equivalent Units (“TEUs”) for the year ended 31 December 2023, representing a growth of 4.3% compared to 2022. PSA Singapore contributed 38.8 million TEUs, and PSA terminals outside Singapore delivered a total throughput of 56.0 million TEUs, both increasing 4.8% and 3.9% respectively from 2022. PSA Group revenue decreased by 11.2% due to challenging market conditions and weak trade demand. Profit from operations decreased by 2.6%, while overall net profit ...
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