• ITVI.USA
    15,913.180
    -35.240
    -0.2%
  • OTLT.USA
    2.793
    -0.005
    -0.2%
  • OTRI.USA
    22.300
    0.290
    1.3%
  • OTVI.USA
    15,900.990
    -35.610
    -0.2%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    15,913.180
    -35.240
    -0.2%
  • OTLT.USA
    2.793
    -0.005
    -0.2%
  • OTRI.USA
    22.300
    0.290
    1.3%
  • OTVI.USA
    15,900.990
    -35.610
    -0.2%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
American Shipper

Portek’s profits up 26%

Portek’s profits up 26%

   Singapore-based port operators Portek International Ltd. said a doubling of box traffic at its terminals helped it achieve a 26 percent rise in net profits to S$22.2 million ($13.3 million), for its fiscal year ended June 30.

   Portek’s net profit in the previous fiscal year was $17.6 million ($10.5 million).

   Revenues for the Portek’s fiscal year rose 21 percent to S$76.4 million ($45.7 million) from $63.1 million in the year-earlier period.

   Portek operates terminals in Algeria and Indonesia, including since August 2004 a new terminal in Jakarta handling 250,000 TEUs a year.

   Portek’s terminal operations ended the year with a 65 percent growth in revenue to S$11.9 million ($7.1 million) from $7.2 million. Overall throughput at Portek’s terminals was about 534,522 TEUs, a rise of 106 percent.

   “Portek’s terminal operations business is experiencing enhanced operating margins as a result of increased efficiencies due to the increase in throughput. We are certainly on the lookout for more opportunities in this business,” said Larry Lam, Portek’s chairman and managing director.

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