Asia terminal operatorsÆ profits slip
PSA profit dives 46% in 2008
Global terminal operator PSA International said Friday its net profits for 2008 fell 46.2 percent from 2007 to $689 million, as the company unveiled is annual results in Singapore.
HPH revenue up 4%, but parent's profit slides
The conglomerate that controls terminal operating powerhouse Hutchison Port Holdings saw profits decline 42 percent in 2008, as results for the year were released Thursday in Hong Kong.
HPH saw revenue grow 4 percent to $5.1 billion in 2008, despite a demoralizing fourth quarter in which volumes in its terminals fell precipitously.