07 Mar '11, 4am

PSA's Net Profits Increased 20.8% In 2010: Revenues grew 6.3% to S$4.1B.

grew its net profit to S$1.2 billion in 2010, an increase of 20.8%. This was up from S$976 million in 2009. Revenues also grew 6.3% to S$4.1 billion on the back of the rebounding global economy and growth in container shipping. Container volumes expanded by 14.4% to 65.1 million 20-foot equivalent units (TEUs) in 2010. PSA's port handled 28 million TEUs, a 10.1% increase. Source: "PSA's net profit rises 20.8% to S$1.2b ", Channel NewsAsia, 4 March 2011

Full article: http://www.business.gov.sg/EN/News/20110307PSAIncreasesPr...

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PSA's net profit rises 20.8% to S$1.2b

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