The company’s revenue grew 5.8 percent year-on-year to $3.3 billion.
PSA’s throughput in 2011 was 57.1 million TEUs, a 5.6 percent increase from 2010. PSA is the world’s largest terminal operator by equity adjusted throughput. Its flagship facility in the Port of Singapore saw growth of 6.1 percent to 29.4 million TEUs.
“2011 began with optimistic expectations of sustained recovery for the global economy,” said PSA Group Chairman Fock Siew Wah. “However, the outlook became increasingly cloudy, exacerbated by a series of unanticipated shocks that rocked the world economy. Nevertheless, the PSA Group managed to weather the challenging business environment and emerged with a set of positive result.”
