SINGAPORE's global terminal operator PSA International posted a 13.4 per cent year-on-year net profit increase in 2013 to S$1.42 billion (US$1.13 billion), drawn on revenues of S$4.64 billion, up 3.3 per cent.
Singapore's PSA 2013 profit up 13pc to US$1.13 billion, sales rise 3pcSINGAPORE's global terminal operator PSA International posted a 13.4 per cent year-on-year net profit increase in 2013 to S$1.42 billion (US$1.13 billion), drawn on revenues of S$4.64 billion, up 3.3 per cent.
PSA posted a 61.81 million TEU global throughput, up 2.9 per cent from the previous year. Its flagship Singapore Terminals' volume grew 3.1 per cent year on year to 32.24 million TEU.
Outside Singapore, PSA terminals delivered a throughput of 29.57 million TEU, a 6.3 per cent increase year on year.
"PSA has performed creditably amid a difficult year in 2013 which saw unsettling volatility, much uncertainty and uneven growth across the global economic landscape," said PSA chairman Fock Siew Wah.
"We achieved 61.8 million TEU and made good progress on our portfolio of ports in China and Colombia. We also made various investments in facilities and equipment Fock Siew Wah.
"Looking ahead, I foresee volatility, uncertainty and unevenness of growth that plagued 2013 will stubbornly remain as common features for 2014. We have to remain agile, tread with caution to seize opportunities and overcome challenges that come our way," said Mr Fock.
Said CEO Tan Chong Meng: "The container shipping and port industry has been rocked by game-changing developments in recent years, which precipitated the shake-up we have seen in 2013. Against this backdrop, PSA as a global terminal operator continues to serve close to 10 per cent of the world's market share in container handling."